Around the 20th of January the 10 year yield broke a 5 month creating a divergence with the S&P 500 . A month later the issue was corrected with the S&P 500 and pretty much everything else dropping in a lovely bear market.
Now to current times. Around the 26th of June bonds broke another creating the divergence presented on the chart above. This will end with either bonds selling off and yields jumping massively or the S&P 500 and everything else dropping further down. The S&P 500 seems to be in a bit of a pickle as it could not stay above the weekly resistance line of around 3220. The dollar also is approaching a long term support line which might present a bit of a problem for the bulls.
This is not investment advice. I'm just letting out some brain farts.