S+P 500 now has a major barrier at 6k it seems

Following on from the previous update, noting the slide in the Nasdaq 100 this afternoon, the S+P 500 has a problem it seems too. The index had it within its power to climb back above 6k ahead of that US data, but it could not do so. The S+P did open higher though, at 5,993.26 and did actually print a trade at 6,000.68, but that was the extent of it and it is not up there now. The impact of that US data has seen pricing for Fed cuts this year put back again, as US yields press even higher. The 10 year yield is now approaching 4.70% and that is making the S+P dividend yield (now well below that at the current valuations) increasingly unattractive. Hence, the index has now dropped to a session low underneath 5,950 and it may not be finished with the downside yet. We shall see