Markets are currently pricing in a liquidity squeeze. The hawkish Fed confirms this. The 10 Year Treasury Yield is now trading above 4.7%, the highest level since January 2025. Meanwhile, several market metrics were above dotcom bubble levels, overbought even before the recent correction. Institutional investors are not passing up the currently high and safe yield on bonds. As a result, capital is rotating out of stocks and into Treasurys. Right now it is unclear whether the recent correction is already over or whether the market sells off further in the coming weeks. The recent bounce, especially in $QQQ, is currently testing the broken support, which now turns into resistance. If we break through this resistance, I am confident the correction is behind us. Corrections in the Nasdaq typically get bought up fast. BTW: Almost the same pattern can currently be found in $SOX. Stay bullish.