SPX has been bouncing off 3800 and 3850, suggesting that recent interest rate fears being priced in. The pullback in 10yr yield should be positive for the market, in fact, if it pulls back further, we could see SPX breaking above 3850 into the 3900 levels.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.