The Nasdaq made 52-week lows, with a clear break below 11000 support last Friday. 2. Targets in the future on the breakdown of the previous lows remain at 10500>>10000>>9500>>9000. All of these levels could provide a nice bounce for the market.
NAS100 broke above 11000 and has made a nice run to 11500 but is still well under 12000. As long it remains under this level the bullish run is nothing but a dead cut bounce. 11500 remains a major resistance zone and NAS100 needs to break and close above this to confirm bullish continuity.
13000 remains the critical point of resistance to me.
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