Twiggs update on the S&P 500.

S&P 500: Optimism fades

By Colin Twiggs
March 8, 2019 8:30 p.m. ET (12:30 p.m. AEDT)

First, please read the Disclaimer.

10-Year Treasury yields are testing support at 2.60%. Breach of support would warn of a further decline in long-term interest rates. Declining yields reflect the outflow of funds from stocks and into safer fixed-interest investments.

Volatility on the S&P 500 has fallen close to 1% but a correction from here would be likely to form a trough above the 1% level, warning of elevated risk. Breach of 2600 would indicate another test of primary support at 2350/2400.