Nasdaq 100 - The crucial support zone

NDX

Nasdaq had a 3% fall on Jan 5, 2022. The fall is still well within the upward channel.

The strong support line of the upward channel is supported 5 times in post corona uptrend.

The crucial support zone for Nasdaq 100 is shown as grey box area.

Break to the 21 months old post corona uptrend can be confirmed once this grey box is broken downside i.e. 15,180 area.

The level is just 3.75% away from the present level.