NAS100 selling pressure continues due to Apple stock decline

Hello traders,

As I highlighted in my previous NAS100 analysis, I expected a move to the downside. Technically, the index formed a double top, which was confirmed by a neckline break. Additionally, it has fallen below the rising support trendline from November 2024 and successfully retested it. This week, I anticipate further downside continuation. For an optimal selling opportunity, keep an eye on price action during the New York AM session. Ideally, I’d like to see a minor pullback to 19,200 before considering short positions, with the index potentially targeting liquidity at 18,297 and possibly extending to the 17,235 low from August 2024.

From a fundamental perspective, several factors are reinforcing our bearish outlook on NAS100:

Trade Tariff Concerns – New U.S. tariff measures are fueling trade war fears, weighing on tech stocks.

Inflation & Fed Policy – Higher inflation raises concerns about prolonged high interest rates.

Tech Sector Weakness – Leading NAS100 stocks like Apple and Nvidia are experiencing declines.

Stay cautious and trade wisely! 🚀