The Nasdaq 100 index is down over 20% from its peak in November. On November 22nd it hit an intraday high of 16764.86. Today (Mar 7th) it closed at 13319.38. This is a drop of 20.55%. It has taken about 71 trading days to do this. The last time it dropped more than 20% was back in March 2020 when it fell about 28% in 22 trading days. A very quick drop with a very quick recovery. We'll see what happens this time....
It doesn't matter. Because every day could be a good trading day. anyway, I'd prefer to NQ to drop below 10000.00 Elderly folks cannot distinguish those digits. NQ. please drop rapidly.
The NDX joins the Russell 2000 as a Bear market. First the small cap bear cubs came out to play. Now the larger cap mummy NDX bear has come out to join them. Soon the big daddy S&P500 bear will come out of hibernation and finish off any remaining bulls