Massive selling in NQ stocks on Monday as the 10-year treasury yield pushes higher towards the critical 1.50% key level, a level where many algos would start triggering selling programs in the equity market that the Fed may not be able to control.
On Monday with the open clearly below its 20-moving average on the daily chart, and is heading down to the 50-moving average on the daily chart, at around 13,000-13,100 price zone.
As long as the 10-year treasury yield does not breakout above 1.50% level, 13,000 should provide temporary support for NQ
Should 13,000 support clearly break we could see another round of selling
