Major drops of indices at the beginning of the session!

The beginning of today's session brings a strong discount on European indices and US indices futures. Yields on US 10-year notes jumped to 2-year highs today, reaching 1.83%. Most of the blue-chips from the Old Continent are recording declines of more than 1%. The German DE30 is down 1.5% and is currently hovering near the 15,700 point level. US100 futures slipped 1.8% and fell below 15,300 points.

US100, D1 interval. The US technology index futures are down sharply at the start of today's session, once again breaking below the lower limit of the long-term uptrend and struggling to stay above the 63.8% Fibo retracement. If declines accelerate, the next support level may be near 15,150 points. Local resistance remains at 15 500 points. Source: xStation 5

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