A snapshot of the market four minutes into the open currently shows:
Dow industrial average down -160 points or -0.46% at 34336.48
S&P index down 4.54 points or -0.10% at 4476.62
NASDAQ index up 23 points or 0.17% 13912.62
Russell 2000 up 2.66 points or 0.13% at 2019.60
The S&P index fell and closed back below its 200 day moving average yesterday at 4491.61 currently. Stay below that moving average keeps the bias more to the downside. The 38.2% retracement of the move up from the March low comes in at 4437.65. That would be the next downside target on the daily chart.
In other markets….
Spot gold is trading up to dollars and $0.49 or 0.13% at $1929.22
WTI crude oil is trading up $1.12 at $97.35
Bitcoin is trading at $43,517.97
In the US debt market, yields are mixed and the yield curve steeper as the Fed will start balance sheet run off at the next meeting: