The 2s10s has come down to about 50 basis points. So now we're talking potential recession indicators. And that kind of worries the situation with respect to inflation, not only that, but the Fed's reaction. As you noted earlier, the yield curve is contracting here instead of expanding.

And we can see, still hovering under the 30 level right here.ДЄlso taking a look at the bond market. But that's kind of the signal that we're looking for here.ДЄlso going to check out what's happening with the VIX. And it doesn't have to be today or the next day.

Most bullish situation is if it's quickly reversed and we put in one of these long tails on one of the daily candles. But we are testing that area right now in the S&P 500, the NASDAQ, the Dow, also the NASDAQ 100.ДЄnd if these levels break, probably going to see some downside continuation. That's these wicks, as we call them, down in late January. And given the candlesticks, we had a lot of indecision. We were talking about this with Matt Maley earlier. All of them are at the Rubicon right now. But I'm taking a longer term view of the markets on the YFi Interactive. Nice to see a little bit of green on the screen. JARED BLIKRE: Indices are pretty quiet today. Let's head down to the floor of the New York Stock Exchange now and check in with Yahoo Finance's Jared Blikre, Jared? Yahoo Finance's Jared Blikre breaks down how markets opened on Wednesday.

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