#Nasdaq100 and my 3 bearish scenarios
Of course, there is also the bullish , new ATH scenario, but this, in my opinion, is the less probable of them all.So, after breaking under 15500 support, Nas100 fell strongly and reached my target at 14k (I went lower, but who counts). Now the index is in consolidation and loss digesting.
I consider 3 scenarios for down continuation:
1. Nasdaq will drop directly, without a retesting of FED day's high, and a break under 13500 low should accelerate losses towards the next important support at 12.5k
2. We will have a retest of the 14500 zone followed by the same drop to 12.5k
3. And this is less probable considering the selling pressure, Nasdaq will rise and test the broken support, now resistance, at 15500, of course, followed by the drop to 12500.
In conclusion, in my opinion, Nas100 will continue to the downside towards 12500
