Markets at Critical Levels: Small Caps, Retail, Bonds, and Commodities Need to Hold Key Support to Sustain Rally

Small caps (IWM) and retail (XRT) need to hold key support levels to remain bullish.

Long bonds (TLT) need to stay below 10-DMA; a rally could signal risk off.

Agricultural commodities (DBA) lagging but could rally if clears 21.80.

Broad commodities (DBC) surprisingly weak given oil and metals strength.

Inflation still a key theme to watch via commodities and yields.