Waiting...

I'm actually waiting for the arbitrage assets to fade and specifically HYG.

"Credit leads and stocks follow"

It looks to me like intraday they are trying to keep HYG elevated because TLT was set to pullback any way, between the two they  create a positive SPY environment.

However, JNK or Junk Credit which trades almost EXACTLY like HYG I just noticed has huge negative leading divergences in it, so I'm thinking HYG gives up soon.