NDX Nasdaq 100 Index : Bullish and Bearish Analyst Opinions

The Nasdaq 100 index has extended its losses to two percent, signaling significant downward pressure and negative sentiment across major technology stocks.

Speaker identifies a target zone of 6,750-6,800 for a bounce in the Nasdaq (NDX) and notes the market is at local support with oversold indicators. The recent decline is not impulsive but rather a diagonal or complex correction, which typically implies a sharp retracement (second wave). Market sentiment is also at extreme fear. WATCH for a significant technical rebound to the cited target zone from current oversold conditions. The decline could become impulsive, invalidating the corrective pattern and leading to further downside.

NASDAQ 100 INDEXT EXTENDS DECLINE TO SESSION-LOW 1.7%

zerohedge (@zerohedge) *NASDAQ 100 EXTENDS DECLINE TO SESSION LOW, DOWN MORE THAN 1% zerohedge (@zerohedge) *NVIDIA SHARES FALL TO SESSION LOW, DOWN 1.3% Tweet Link

First Squawk (@FirstSquawk) NASDAQ 100 INDEX TURNS POSITIVE, UP 0.2% Tweet Link