- The NASDAQ 100 broke down a bit Tuesday to reach the 50-day EMA.
- The 50-day EMA sits just a bit above the 12,000 level, and I think there’s a lot of interest in that area.
- Even if we break down below there, I think we could see buyers come back into this market closer to the 11,500 level.
NASDAQ 100 Forecast: Index Breaks Down to 50-Day EMA
