NAS100 is showing weakness to the upside, with signs of a short-term (possibly longer-term) bearish reversal. Similar to SPX, its typically bullish nature appears to be fading. How far could the drop go? No one knows for sure, but right now, the signs for strong long positions are limited.
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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.