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FInancials lift on Yield spike, but slowly give up gains given Tech wreck

S&P getting down to near key make-or-break in the short run.2412 will be important as this has held throughout much of June, and near Tuesday's lows which look to be retested given today's move.  Today showing similarity with Tuesday, and despite yesterday's snapback.. Technology is proving to be too much to bear as Tech being down nearly 2% has erased nearly all of Financials early gain-  over 1%..  Many consumer stocks getting hit hard with Discretionary and Staples both down 1%.. Breadth has expanded to nearly 3/1 negative, about double what this had showed earlier-  Rates continue to move higher in Europe and have gotten up to important make-or-break for US..  TNX appeared to breakout above 2.25% but facing some Resistance between here nad 2.27 now that might prove important- Overall,   TY yields and DXY moving in different directions, but we're seeing that despite Financials strength..Tech is still very important for the broader market and continues to weaken-  SOX has broken down today under June lows and XLK flirting with same area , just under 55 near June- so these are both important areas for the intermediate-term trend, which looks to be arguably broken today for XLK on today's move  .  Overall with S&P.  Tough to be too negative today on a retest. but UNDER 2412 would allow for a decline down to near 2385-90-  Much will depend on today's close. and for now.  no evidence of any bounce