The_Rational_Investor

Nasdaq ... Is a 6%+ drop coming up?

WHSELFINVEST:USTECH100CFD   US Tech 100 CFD
Nasdaq has recovered very nicely over the last 2 trading days. But it has reached a zone of resistance. And that means there is going to be a pullback from the 13320 zone back towards the 12800 zone or lower to 12400. Vix which rose to 30 has now pulled back to 23. But only end of Jan we saw Vix rise to 35, without any real economic shock. The market is nervous, the price action are choppy. Even the slightest rumors are unnerving investors who are dumping riskier assets and running to safer havens such as the dollar or yen. In this situation, is it too improbable to expect Nasdaq to take another small breather? after all 6% is a drop that the big bull manages to reverse in less than a week. Long term Bullish, but in the short term, I am bearish, and expect the TECH100 to have another deep pullback

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