Stocks are slowing down and we to find NASDAQ100 buying and selling in a elevated degree (A)-(B)-(C) corrective decline that could presumably well the impress back to 14800 – 14200 crimson meat up dwelling ahead of the uptrend for wave 5 of (3) resumes.
The principle reason on the back of a stock market insensible down are treasury bonds. 10Y US Notes is proper now sitting at doable crimson meat up dwelling for wave (B) that could presumably well cause bigger recovery for wave (C), which is able to with out affirm push shares into decrease helps.
As you presumably can to find in an overlay chart, there’s a clear negative correlation between NASDAQ100 and 10Y US NOTES, where wave (C) of an (A)-(B)-(C) reversal could presumably also be now underway.
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