Nasdaq Is Falling Fast: How Low Can It Go?
1 extracted signal · 0 resolved · 1 still active
MCO MarketsIndependent analyst profile- Source published
- 30 Oct 2026, 18:20 UTC
- Recorded by Tahlil Plus
- 30 Oct 2026, 22:14 UTC
AI-generated source summary
The analysis focuses on the Nasdaq 100 (NDX) index, suggesting a bearish outlook in the short term. The current price is noted around 28,452.74. The primary bearish scenario anticipates a decline towards a target zone identified by Fibonacci retracement levels, specifically targeting the 38.20% retracement level, which corresponds to approximately 22,322.33. This wave 'iv' correction is expected to play out within a broader descending channel. The failure bound for this bearish outlook is set above the recent swing high, around 30,000, indicating that a break above this level would invalidate the short-term bearish view. The analysis highlights that the Nasdaq has shown relative weakness compared to other indices like the S&P 500 and Dow Jones. The immediate pressure is downwards, and as long as the price remains below 29,845.35, the bearish scenario is considered dominant.
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