US Tech 100 CFDSatış
NDX - Post-Holiday Detox Ahead? (TP 20,350)
The Nasdaq-100 has recovered a significant portion of its sharp selloff following Bernanke's comments. However, the current rebound clearly appears to be a bullish retracement within a broader, multi-week bearish correction. Our indicators signal an imminent reversal, which would be confirmed by a 90-minute intraday close below 21,650.
As is often the case in downturns, the generals are the last to fall on the battleground. Stocks like AVGO and AAPL remain near their highs but are showing clear signs of exhaustion. Meanwhile, non-tech and European equities have already reversed course and have been trending lower for some time. Notably, European indices have reached their expected bullish correction levels, further reinforcing our bearish outlook for the US tech sector.
We anticipate a sharp decline for the NDX, targeting the 20,314–20,419 range (central target of 20,348) over the coming days or weeks. In terms of timing, January 7–8 stands out as a potential inflection point for at least a multi-day bullish correction.
AVGO, AAPL among other tech leaders are showing clear signs of bullish trend exhaustion
As is often the case in downturns, the generals are the last to fall on the battleground. Stocks like AVGO and AAPL remain near their highs but are showing clear signs of exhaustion. Meanwhile, non-tech and European equities have already reversed course and have been trending lower for some time. Notably, European indices have reached their expected bullish correction levels, further reinforcing our bearish outlook for the US tech sector.
We anticipate a sharp decline for the NDX, targeting the 20,314–20,419 range (central target of 20,348) over the coming days or weeks. In terms of timing, January 7–8 stands out as a potential inflection point for at least a multi-day bullish correction.
AVGO, AAPL among other tech leaders are showing clear signs of bullish trend exhaustion
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