Keep a close eye on yields
The panic selling in risk trades has subsided for the moment but that’s with the S&P 500 down 85 points.
The spot I’m watching right now is 10-year rates. They hit 1.1750% a few hours ago and are back to within striking distance of that again. The unthinkable is that we get back to 1.0%.
For the intraday though, keep an eye on the lows here and the possibility of an intraday bottom: