Nasdaq 100: A good buy? (Or good-bye...)

Market chart
Matt Simpson financial analyst
By :  ,  Market Analyst

Today’s video is a follow-up from last week’s report, which noted the tech index had entered a corrective phase by falling over 10%. Since the report the index has fallen to (and beyond) bearish targets, yet price action by yesterday’s close warrants a closer look at it is clearly trying to set a corrective low. Of course, if risk sentiment remains sour as we head towards this week’s FOMC meeting (and tensions between Russia and Ukraine showing no signs of abating), it’s also plausible bears retain control and drive this market lower.

Nasdaq 100 trading guide>

 

  

 

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