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BraVoCycles
Editor of Market Twists & Turns — delivering unmatched stock, crypto, commodities, and forex analysis using a unique blend of Cycles, Cycle Price Projections, Elliott Wave Theory, plus technical & sentiment tools. With 30 years in financial markets, I help you anticipate turns, ride waves, and stay ahead of the crowd. Subscribe for real-time analysis and insights. Not a financial advisor.
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Joined on 25th February 2026
Vienna, VA, US
NASDAQ 100 Technical Analysis – A Follow-Up
• After a deep oversold condition on Friday, NDX attempted to bounce but could not overcome the 50D and 100D MAs.
• Initial strength on Monday and Tuesday was met by afternoon selling, which produced two consecutive spinning top candlesticks, signifying indecision, i.e., a battle between bulls and bears.
• NDX remains stuck inside the ugly Friday’s candle and between the lower Keltner channel and 50D and 100D MAs.
• It needs to show another card, i.e., break the range.
• Somewhat surprisingly, the NDX/VXN ratio has not been able to bounce even to the lower Keltner channel.
Market Breadth
Remarkable market breadth on Tuesday lifted the broader market, including the Dow Jones and Russell 2000.
Even the NASDAQ had positive breadth despite finishing slightly lower, held back by most semiconductor and Magnificent 7 stocks.
Rotation again, for a day or two?
The previous gray count is back
