Nasdaq-100 Index: ⬇️ Sell
– Nasdaq-100 Index broke key support level 29000.00
– Likely to fall to support level 27500.00
Nasdaq-100 Index recently broke the support zone between the key support level 29000.00 (which has been reversing the price from the end of August, stopping wave (a) at the end of August, wave ii in the middle of September and wave a in the middle of October) and the 61.8% Fibonacci correction of the upward impulse 1 from the end of July.
The breakout of this support zone accelerated the C-wave of the active ABC correction 2 from the start of October.
Given the recent breakout of the aforementioned support zone, Nasdaq-100 Index can be expected to fall further toward the next round support level 27500.00 – former support from the end of July.