We have multiple signals that are pointing to this.
Let's take a look at those.
- We have a on the 23-June. This candle signals an upcoming drop .
- Prices broke below EMA10 while this indicator is curving down.
- Also notice the pattern that already broke.
- We have strong divergence with the and . Remember that this signal is stronger when it shows up on both indicators.
The NASDAQ100 Index (NDX) is likely to drop some more.
Conditions for change
If the NDX moves and closes above the ATH , these signals become invalid and a new analysis is needed. The potential for additional growth opens up.
Below the last high and/or EMA10 we remain .
Thanks a lot for your support.