S&P 500

Key insight

7,550 holding after hawkish FOMC shock — but 50-day MA at ~7,600 now flipped to resistance. Hold below it and bears target 7,400 Fib; reclaim it and 7,750 reopens.

Fed hikes rates for first time in 3 years; 10-year Treasury above 5.04% — a 19-year high. Index down from 7,620 in 4 sessions, now testing 7,550 as new intraday support.

Main risk

Fed Rate Hike + 10-yr Yield at 19-yr High

10-yr Treasury above 5.04%; Warsh signals further action if inflation persists — compresses equity multiples at current 7,550.