S&P500, Dow Jones, and Russell 2000 have broken below the lower level of a bearish channel and NASDAQ 100 is in the middle of a bearish channel.
What scenario is more likely?
A: NASDAQ100 will move toward the upper border of the channel in the coming days
B: NASDAQ 100 will move toward the lower border of the bearish channel in the following days
My Answer:
The most likely scenario is that the NASDAQ 100 will move toward the lower border of the bearish channel in the following days.
This is because the NASDAQ 100 is a technology-heavy index, and technology stocks have been particularly hard hit by the recent market sell-off. Additionally, the S&P 500, Dow Jones, and Russell 2000 have all broken below the lower level of a bearish channel, which suggests that the overall market sentiment is bearish.
Of course, there is always a chance that the NASDAQ 100 could move toward the upper border of the channel in the coming days. However, this is less likely given the current market conditions.
What scenario is more likely?
A: NASDAQ100 will move toward the upper border of the channel in the coming days
B: NASDAQ 100 will move toward the lower border of the bearish channel in the following days
My Answer:
The most likely scenario is that the NASDAQ 100 will move toward the lower border of the bearish channel in the following days.
This is because the NASDAQ 100 is a technology-heavy index, and technology stocks have been particularly hard hit by the recent market sell-off. Additionally, the S&P 500, Dow Jones, and Russell 2000 have all broken below the lower level of a bearish channel, which suggests that the overall market sentiment is bearish.
Of course, there is always a chance that the NASDAQ 100 could move toward the upper border of the channel in the coming days. However, this is less likely given the current market conditions.