False Breakout in SPX keeps strong resistance at 4100

The near-term downtrend remains intact for US benchmark indices after early strength was repelled yet again at the key 4100 level.  Given that both 10 and 30-year Yields have shown evidence of starting to turn higher (and US Dollar rally looks imminent) it makes pressing long bets here still difficult given a plethora of upside resistance.  Overall, SPX and QQQ look to be at important levels where a stalling out and trend reversal is very possible...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Prices as of 2025-08-20 13:00:04 ET

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In