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Nasdaq-100 Wave Analysis

Nasdaq-100: ⬇️ Sell

  • Nasdaq-100 index broke support level 18820.00
  • Likely to fall to support level 18295.00

Nasdaq-100 index recently broke the key support level 18820.00 (the previous monthly low from the end of March).

The breakout of this support level 18820.00 accelerated the minor impulse wave 1 of the intermediate impulse wave (C) from February.

Nasdaq-100 index can be expected to fall to the next support level 18295.00 (former monthly low from September) – the breakout of which can lead to further losses to 18000.00.

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