S&P 500

Key insight

7,723 holds but momentum stalls under 7,800 round resistance — a daily close above that level is needed to confirm trend continuation; failure keeps 7,600 200-day MA in play as the next magnet.

Holds 7,723 with -0.06% drift — index consolidates below the round 7,800 barrier after a multi-month advance, with Gold at $4,603 and BTC +2% signalling risk appetite is selective, not broad.

Main risk

Treasury yield resurgence

USD/JPY at 159.4 signals sticky US rate expectations; any yield spike through 4.5% on 10Y would pressure high-multiple tech and drag the index toward 7,600.