Nasdaq nears the September low as decline extends to 1.5%

The Nasdaq continues to bleed lower and is now within striking distance of the September 27 intraday low of 12,963.

The S&P 500 chart looks similar and the Russell 2000 has already broken down.

Few investors are willing to step in until after we see how far the Gaza war extends and until 5-year yields at least touch 5%. Some of this also reflects weekend risk.