On the futures/CFD chart (covering all sessions) the S&P 500 recorded a double-bottom at 2530 before recovering strongly into the close (2618)
For those with a bearish mindset, consider the chart below matching the last few days with 1987
The much-predicted bear market in bonds can’t gather any steam with the stock market so volatile.
Perhaps best to stand back and look at the big picture:
Consider this chart of the real rate on US 10-year bonds (the yield less the inflation rate)
A break out to the topside on this pattern would be significant, giving investors an attractive option vis a vis stocks.
It would also be bearish for gold (and commodities in general)