After nearly 3 weeks going straight up stocks took a rest today led down by the RUT, which was the leader on the upside. After 14 straight up days one red candle doesn't mean anything. I want to turn your attention to what matters most for this market. The bond market is at a pivotal point. What happens next in the bond market is going to determine whether volatility explodes higher once again and another quick sell off begins. Here are the scenarios to watch...