Nasdaq 100 Breaks Trend Line, Threatens 20K
The Nasdaq 100 has come under pressure in recent days, dragged down by the same Big Tech stocks that had boosted it in recent years.
The index has now broken below its near-term bullish trend line and is now pressing against previous-resistance-turned-support near 20K. A drop below that key horizontal level could expose the 50-day MA in the mid-19Ks next.
-MW
The index has now broken below its near-term bullish trend line and is now pressing against previous-resistance-turned-support near 20K. A drop below that key horizontal level could expose the 50-day MA in the mid-19Ks next.
-MW
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.