Chart of the day - US500 (12.03.2021)

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Upbeat moods during yesterday's session on Wall Street have pushed major US indices to a fresh all-time highs. S&P 500 reached new record high but a pullback could have been spotted on the futures markets during the Asian session. US 10-year yields jumped back towards 1.60% as bonds resumed sell-off. In case a pullback continues and deepens, the first support to watch can be found in the 3,888 pts area, where the lower limit of the local market geometry as well as the earlier-broken downward trendline are located.

US500 at H1 interval. Source: xStation5

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