Nasdaq correlations to the movement in the 10YR yield are tight.
Scenario 1: 10 yr is looking to break out of a triangle to 1.35%, Nas should dip as a result Aug 2-4 ish if 10yr prediction materializes.
After, 2 possible scenarios:
1.) Monster bounce to double top short term
2.) Continuation to new ATH's for wave 5 completion at the top of the channel.
Stay hedged 100%, could go either way.
Scenario 1: 10 yr is looking to break out of a triangle to 1.35%, Nas should dip as a result Aug 2-4 ish if 10yr prediction materializes.
After, 2 possible scenarios:
1.) Monster bounce to double top short term
2.) Continuation to new ATH's for wave 5 completion at the top of the channel.
Stay hedged 100%, could go either way.