Hello everyone. Nasdaq slipped by 1% amid rising US 10Y yield and VIX.
US 10Y yield: It's approaching 1.7%. The normalization rate is around 2%, however, the rising yield from historic low would weigh on the tech-heavy index. On the other side, if the growth keeps on surprising investors, that would hedge against the rising yield.
VIX: the control high around 20.7ish looks to be conquered soon. The momentum tends to accelerate if the key level is broken. It'll have negative impact on the broad market index.
Technically, the nearest solid daily demand zone is around 15927. I've set an alert to give myself a gentle reminder. I'll be a 5% correction from the recent high.
US 10Y yield: It's approaching 1.7%. The normalization rate is around 2%, however, the rising yield from historic low would weigh on the tech-heavy index. On the other side, if the growth keeps on surprising investors, that would hedge against the rising yield.
VIX: the control high around 20.7ish looks to be conquered soon. The momentum tends to accelerate if the key level is broken. It'll have negative impact on the broad market index.
Technically, the nearest solid daily demand zone is around 15927. I've set an alert to give myself a gentle reminder. I'll be a 5% correction from the recent high.
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