Gap down and landed on supporting trendline here.
I don't know how the CPI will be received, If it comes in low Powell might pause if it comes in hot Goldmansach says Powell still will pause.
Looking at how far the yields dripped today, it looks like they are calling the FEDS bluff.
Upside target is 300 or up to yellow trendline. If we break over that yellow trendline, 310 is next up.
Downside targets are
A retest of trendline support at 285.
Below that next target is 280..
So fat IWM and SPY have retested their Dec lows..
Fib levels are ATH and 2020 low
Let's see what happens