Usually I post once per day but I post again ttoday because the market is in very vulnerable tone, with the possibility of a sharp drop.
Am not saying there will be a crash etc but the soaring 10yr yield can be the catalyst that drives the buyers out and reinvigorate sellers.
SPX 2702/2704 is a key support that has been tested today several times and if broken can lead to a swift down move.
On the other hand, the markets could stabilize with yields backing off and crude moving below $70 (WTI).
SPX 2720 is a key level - above that the bulls in control, below that the bears have the upper hand.
VIX has been edging up, now above 14. It is not the actual value that is the key criteria but the relative value of VIX and the 5-day RSI