HomeMarketsTechnical Analysis20-Year Bond Auction Signals SPX Selling Action, Mind the Downside Gaps

20-Year Bond Auction Signals SPX Selling Action, Mind the Downside Gaps

A worse-than-expected outcome in the 20-year bond auction opened the trap door to significant selling action. Kevin Green says the SPX is reaching a critical level of support, and if levels fall below it, the index can test gaps significantly below where it currently trades. He also notes volume as an issue, showing how there's a greater conviction on down days than up ones.

Market On Close

21 May 2025

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