S&P 500 in Bullish Formation and Could Top 3,000, Instinet's Cappelleri Says

The video features a discussion on market trends during Fed Day, focusing on the S&P 500 and 10-year yield. Analysts highlight the failure of bearish patterns in the S&P 500, suggesting a potential rise above 3000. The 10-year yield is analyzed for its historical trends and potential bounce back. Additionally, the video covers the performance of healthcare providers and ETFs, noting their relative strength compared to the S&P 500.

What are the main reasons for the bearish patterns observed in the S&P 500 according to Frank?

What does Frank suggest about the potential for the S&P 500 to go above 3000?

How does the 10-year yield chart reflect the market conditions discussed?

What key area does Frank identify for the 10-year yield, and why is it significant?

What observations does Frank make about the performance of health care providers compared to the S&P 500?