Stock Market Analysis

The NAS100 index has witnessed a notable bounce, extending from the 16973 level to as high as 18170. However, this upward move is likely a corrective phase within the broader downtrend that commenced from the 18488 high. After this corrective rally, another decline in the NAS100 could potentially be on the horizon. On the downside,…

The Nasdaq 100 index (NAS100) has taken a bearish technical turn by breaking below the key 17775 support level. This breakdown suggests that the prior upside move from the 14054 low may have already completed at the 18488 high printed earlier this year. With the breakdown below such a significant floor, further NAS100 declines could…