The Nasdaq 100 fell from 15,300 to 14,713 last week, a decline of 4.2%. This was the largest weekly decline since March 2022. The decline was likely due to a combination of factors, including rising interest rates, inflation concerns, and the ongoing war in Ukraine.
However, the Nasdaq 100 has been in a long-term uptrend, and it is possible that it will recover from this recent decline. The 15,000 level is a key support level, and if the index can break above this level, it could move up to the 15,190 level.
If the index does reach the 15,190 level, it is possible that it could pull back to the 15,050 level before continuing higher. However, if the index breaks below the 15,000 level, it could resume its decline.
However, the Nasdaq 100 has been in a long-term uptrend, and it is possible that it will recover from this recent decline. The 15,000 level is a key support level, and if the index can break above this level, it could move up to the 15,190 level.
If the index does reach the 15,190 level, it is possible that it could pull back to the 15,050 level before continuing higher. However, if the index breaks below the 15,000 level, it could resume its decline.
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Nasdaq 100 is a volatile index, so it is important to use stop-losses to protect your profits.
The index is also heavily influenced by news events, so it is important to stay up-to-date on market news.
Here are some important news events that happened last week that could impact the Nasdaq 100:
The Federal Reserve raised interest rates by 75 basis points, the largest increase since 1994.
Inflation in the United States rose to 8.6% in May, the highest level in 40 years.
The war in Ukraine continued, and there were concerns about a global recession.