NASDAQ Index, SP500, Dow Jones Forecasts – Stocks Pull Back As Treasury Yields Rise
From the technical point of view, SP500 faced strong resistance in the 5870 – 5880 range and is trying to gain additional downside momentum. In case SP500 settles below the 50 MA at 5836, it will head towards the nearest support level, which is located in the 5800 – 5810 range.