As you can see in an overlay chart, there’s a clear negative correlation between NASDAQ100 and 10Y US NOTES, where wave (C) of an (A)-(B)-(C) reversal can be now underway.
Stocks are slowing down and we see NASDAQ100 trading in a higher degree (A)-(B)-(C) corrective decline that can the price back to 14800 – 14200 support area before the uptrend for wave 5 of (3) resumes.
