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Nasdaq Bounce

by Ashraf Laidi
Jun 8, 2026 12:17

We have seen how Nasdaq100 peaked at the 19% extension from its 200-day moving average, before tumbling 6%. The 19% pattern was referred to in this video.  The market will likely hold above the 28000 support--underlined by the May 6 gap-- and capped by the 29700 resistance, highlighted by the May 26 Gap.  More details to members of the WhatsApp Bdcst Group.

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Nasdaq Bounce - Nasdaq 200 Dma June1 (Chart 1)

 
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