NASDAQ 100 tries to regain some of last week’s losses
The NASDAQ 100 dropped last week as US Treasury yields rallied and investors became worried about heavy tariffs being imposed on the US’s trading partners under a Trump administration.
The NASDAQ 100 nonetheless remains above its August-to-November uptrend line at 20,300, having last week dipped to 20,306, and may early this week regain some of last week’s losses by retesting the late October high at 20,652. If bettered, the 21,000 region would once again be in focus.
Were the medium-term uptrend line at 20,300 to be fallen through, though, the area between the August high and the October-to-November lows at 19,938-to-19,611 could be reached instead.
