jan 10  welcome to the home for realtime coverage of markets brought to you by reuters reporters you can share your thoughts with us at marketsresearchthomsonreuterscom with cme emini nasdaq 100 futures suggesting the nasdaq 100 index ndx is poised to fall more than 1 in early trade it appears likely that the nasdaq composite ixic will violate its december lows read more in so doing the techladen composite will be on track for a fifthstraight down day the ixic last fell fivestraight days in lateseptemberearlyoctober 2021 meanwhile tech xlkp is quoted down ahead of the open putting the sp tech sector splrct also on track to fall for a fifthday in a row which would be its longest losing streak since a sevenday slide in lateaprilearlymay of last year on the composite once its december lows give way the next significant support can be the rising 200day moving average which ended friday around 14680 the composite has not closed below this longerterm moving average since april 21 2020 there is chart congestion in the 1421114175 area that includes a number of significant 2021 highs and lows the 236 fibonacci retracement of the entire march 2020november 2021 advance is at 13951 of note the ixics daily rsi ended friday at its lowest level since the composites october 4 low that said the rising us 10year treasury yield remains a drag on growthtech shares and therefore a thorn in the composites side the rolling 10day correlation between tech and the 10year yield is now 088 or a strong negative relationship read more however the 10year yield is on track to rise for a seventhstraight day which would be its longest such streak since an eightday run of gains in april 2018 so on the plus side for nasdaq bulls at least shorterterm just as the ixic may be getting stretched to the downside yield may be getting stretched to the upside for mondays live markets posts prior to 0900 est1400 gmt  click here read more terence gabriel is a reuters market analyst the views expressed are his own