Nasdaq-100 Index is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. The price has reacted back after a break of the head and shoulders formation. There is resistance around 12540, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. There is no support in the price chart and further decline is indicated. In case of a positive reaction,