Trading Insights

NASDAQ 100

Tech Nears Oversold Conditions, Turnaround Expected

Can expect turnaround today as markets nearing oversold conditions with tech particularly stretched.

Key Levels: Support at 24,649.30 | Resistance at 25,816.50

Investor Takeaway: RSI at 36 below MA line trending down; MACD shows emerging selling pressures but extreme oversold levels suggest imminent technical bounce.

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