The Nasdaq 100 is stabilizing after breaking its descending channel and retaking the 50-DMA, but momentum is capped near the 25,890 gap, Société Générale's FX analysts note.
Nasdaq 100 rebounds from interim lows but faces resistance near 25,650 points, with technical signals suggesting a brief bounce before potential continuation of the pullback, Société Générale's FX analysts note.
The Nasdaq 100 has closed below its 50-DMA for the first time since May and broken a multi-month ascending trend line, signalling renewed downside pressure, Société Générale's FX analysts note, Société Générale's FX analysts note.