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Nasdaq 100 Forecast: Stock Rout Sees Index Seek Trendline Support 2021-07-19 20:05:00 Peter Hanks, Strategist Nasdaq 100 Price Outlook: The Nasdaq 100 has declined from its record high near 15,000 as risk appetite recedes across the market Weeks of gains have equipped the tech-heavy index with a plethora of potential support to work with Nasdaq 100 Forecast: Stock Rout Sees Index Seek Trendline Support The Nasdaq 100 is on the backfoot alongside other risk assets to start the week as covid delta variant concerns and seasonal headwinds work to erode risk appetite across global markets. While traditionally more volatile than the S&P 500 and Dow Jones, the Nasdaq 100 has seemingly reclaimed its almost defensive-like status during bouts of covid concern as losses in the other indices outpace that of the Nasdaq. Nevertheless, the Nasdaq 100 is more than 3.5% off its all-time high near 15,000 after breaking beneath trendline support.

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