Nasdaq 100 has been in a downtrend since last many months. I feel there is more downside, rather much more. I see may be in downtrend till late 2024 or early 2025 and it may fall till around 4,700. We saw it took support of 200 EMA on Monthly at the time of DotCom bubble and again took support of 200 EMA at the time of 2008 recession. If we are heading towards similar times, it may again touch 200 EMA in next 1 - 1.5 years.