Looking for a bounce off this level to calm the market down a bit. From a charting perspective its completely normal for price to accelerate into levels like this. It would be surprising, however, if price went through this level easily. If it does that would imply extreme selling pressure which would be concerning. It OK for yields to rise slowly, but can be disastrous if they rise rapidly.
Comment:
Looking promising. A significant base break out here should give tech a boost.
