📅 Chart Date: March 28, 2025
🧭Ticker: Nasdaq 100 Index (NDX)
📊 Timeframe: 1D (Daily)
📉 Bearish Breakdown – But How Low Can We Go?
The Nasdaq 100 has officially broken below its steep uptrend and continues to print lower highs and lower lows — the classic signs of a bear phase.
On the chart, we see a sharp descending purple trendline connecting the recent lower highs, pushing price toward a key horizontal support zone around 15,750–16,000. This area lines up with previous resistance levels from 2021, now acting as critical support.
🔔 TARGET: ~15,750📌 Reason: This level not only coincides with past structural resistance-turned-support, but also aligns with the measured move projected from the breakdown pattern.
❌ What About the Lower Trendline?
A broader gray trendline stemming from the 2020 COVID crash lows suggests a much deeper potential move — all the way down near 13,500. However, as noted on the chart:
"Likely WON’T hit the lower support trendline."
This implies the current bearish move is expected to be contained within the recent cycle and not extend into a major breakdown of the long-term bullish structure.
🧠 Strategic Takeaway
This setup could be attractive for traders looking to play the downside with leveraged inverse ETFs like:
🧨 QID (ProShares UltraShort QQQ) – 2x inverse of QQQ
💣 PSQ (ProShares Short QQQ) – 1x inverse of QQQ
If the target zone holds as support, we may see a technical bounce, but a decisive break of that zone could open the floodgates for deeper corrections.
🚨 Final Thoughts
This chart captures a pivotal moment for the Nasdaq 100. We're at the edge of a significant decision point. Whether you're trading the bounce or the breakdown, this is where patience and precision count.
Stay sharp. Stay tactical.
LIKE AND FOLLOW
— Scotty Tucker Jr
Agreed 100%