XJO - Bear Posts only (Factors which might cause the markets to fall), page-8056

For SPX its not that simple.
As general rule of thumb
1% move on USD is a 3% move in Big tech earnings.
25 basis point move in interest rate is a /5% move in business and consumer confidence in either direction.

Its pointless using current data to determine direction of an asset otherwise everyone would be on it and there will be no market but the unknown variable is what drives the market and makes the market. It's a voting machine of the unknowns. Markets move rapidly on the print not from those that got it right, but from those that got it wrong.