The NASDAQ 100 has fallen rather hard during the trading session on Thursday as we have sliced through the 11,900 level. The market is likely to continue going lower, and short-term rallies should end up being selling opportunities.
At this point, the 12,000 level above could be a significant barrier, and I think it’s going to take some effort to get above there.
However, we also need to recognize the fact that anything is possible and bear market rallies tend to be some of the most vicious.
