Elliott wave Analysis: 10 Year US Notes and Stocks

Good morning traders.
We see move up on stocks with E-mini S&P500 trading now up to 2700 resistance and with NASDAQ100 breaking above 6730. However, I still think that stocks can see limited upside, especially if 10 year US note is in wave (B) which suggests more upside is coming within wave IV, thus stocks can come under-pressure based on next comparison chart. EW technical SP500 futures chart has resistance at 2700 followed by 2720.

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10 Year us notes vs s&p500, 2h

10 year us notes, intra

S&P500, 1h

s&p500, 1h

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