S&P500, Dow Jones, and Russell 2000 have broken below the lower level of a bearish channel and NASDAQ 100 is in the middle of a bearish channel. What scenario is more likely? A: NASDAQ100 will move toward the upper border of the channel in the coming days B: NASDAQ 100 will move toward the lower border of the bearish channel in the following days
My Answer: The most likely scenario is that the NASDAQ 100 will move toward the lower border of the bearish channel in the following days.
This is because the NASDAQ 100 is a technology-heavy index, and technology stocks have been particularly hard hit by the recent market sell-off. Additionally, the S&P 500, Dow Jones, and Russell 2000 have all broken below the lower level of a bearish channel, which suggests that the overall market sentiment is bearish.
Of course, there is always a chance that the NASDAQ 100 could move toward the upper border of the channel in the coming days. However, this is less likely given the current market conditions.
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