The NQ100 index rebounded after a 1,000-point decline from its May 14 all-time high, signaling slowing momentum in its uptrend.
The Nasdaq 100 (NQ100) retraced after hitting a record high on May 14, dropping 1,000 points before attracting new buyers. The index is now retesting previous highs, though daily momentum appears to be weakening.
The pullback followed a prolonged uptrend, with the index previously reaching an all-time high before entering a choppy correction phase. Market participants are assessing whether the recent rebound marks a continuation of the rally or a potential reversal.
No immediate market reaction data was provided, but the index’s ability to hold near highs may influence near-term sentiment.