Stocks and bond sold-off, bitcoin and gold rally following a failed 20-year bond auction. The 10-year treasury bond yield spiked. Without the Fed intervention the yield could spike to a level that can cause financial meltdown.
The Fed would be forced to come in to buy.
Key support for NQ on Thursday will be at 21,000. If that support does not hold we could see massive selling as foreign investores flee the US market.