May 21, 21:30 US stock market opening trend forecast and analysis

Tonight, before the US stock market opens, the overall expectation is cautious.
Pre-market data shows that S&P 500 futures and Dow futures are both slightly weakening, indicating that market risk appetite is insufficient before the opening;
at the same time, the 10-year US Treasury yield has risen above approximately 4.60%, continuing to suppress tech stocks and high-valuation assets.
On the news front, oil prices continue to rise due to geopolitical tensions, combined with inflation expectations and interest rate pressures, making the market prone to a short-term pattern of initial decline followed by oscillation.

Structurally, if the Nasdaq and S&P 500 cannot quickly recover from pre-market declines after opening, the short-term trend may continue with a low open and oscillation;
but as VIX futures decline, it indicates that panic sentiment has not significantly amplified, and the market may not experience a one-sided sharp drop.
In terms of capital flow, some funds still flow into quantum computing and specific technology sectors, but retail and some software stocks are under pressure, and sector divergence may be more apparent.
In the crypto market, Bitcoin fluctuates around 77k, and ETF fund flows remain cautious, with sentiment in the crypto circle being neutral to slightly weak.

Overall, tonight at 21:30, the US stock market is more likely to open lower with oscillation and sector divergence, with tech stocks under pressure, and energy and defensive sectors relatively resilient.
Short-term focus should be on US Treasury yields, oil prices, and the market’s ability to hold after the Nasdaq opens. #30年期美债收益率突破5% $BTC $ETH