Nasdaq-100 Index: ⬇️ Sell
– Nasdaq-100 Index broke support zone
– Likely to fall to support level 26000.00
Nasdaq-100 Index recently broke the support zone between the support level 27250.00 (which stopped the earlier correction (2) at the end of July) and the 50% Fibonacci correction of the upward impulse from the start of April.
The breakout of this support zone accelerated the C-wave of the active ABC correction 2 from the start of October.
Given the clear daily downtrend, Nasdaq-100 Index can be expected to fall further toward the next round support level 26000.00 – target price for the completion of the active ABC correction 2.