However, at the moment it looks like the Nasdaq-100 is pulling back a bit. So on this chart I've quickly mapped out some previous corrections over the last year. I am sharing my research openly just to hear what others think. One level I do find interesting is $313. That seems to be the last mini pullback low. Will it act as support? I may have to set an alert right there so I don't miss it. I've marked it for now with a yellow .
Markets, do move fast. Information was processed, and most tech stocks took off before many had a chance to realize what was going on. The Nasdaq-100 is the chart you see here. It is a collection of about 80 of the largest tech companies including some other non-tech companies to add diversification. It's a barometer for tech in today's market.
Also mapped out on this chart are previous corrections. One thing to keep in mind is that a 10% correction happens once per year, on average. Of course, yes, that is an average. But it's an important stat because 10% corrections are not out of the ordinary at all.