NASDAQ - will you bounce?
NASDAQ is attempting the bounce for the second day in a row.
14800 is the level to watch. Note we are trading in the lower part of the short term trend channel, so a bounce should be occurring, but a close below 14800 and all bets are off...
Second chart shows NASDAQ futs vs the US 10 year inverted.
Despite the recent surge in rates, the US 10 year has not given back much of the move. 1.55% remains the level to watch. A close above that level, and everything goes back to being "fluid" again...
14800 is the level to watch. Note we are trading in the lower part of the short term trend channel, so a bounce should be occurring, but a close below 14800 and all bets are off...
Second chart shows NASDAQ futs vs the US 10 year inverted.
Despite the recent surge in rates, the US 10 year has not given back much of the move. 1.55% remains the level to watch. A close above that level, and everything goes back to being "fluid" again...
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