Yuriy Ukazkin
⬤ Nasdaq 100 futures took a nosedive at the start of the new trading week, dropping roughly 400 points from where they closed on Friday. The sell-off became apparent right from Monday's open, immediately putting markets on edge. The chart paints a clear picture: futures gapped down at the weekly open and kept sliding without looking back.
⬤ The technical setup shows classic bearish momentum taking hold. After that initial gap lower, there was no bounce—just steady downward pressure throughout the early sessions. Price action carved out a series of lower highs and lower lows, with the total decline hitting just under 400 points. The gap zone that formed at the open never got filled, which tells you sellers stayed in control.
⬤ What makes this move particularly significant is that Nasdaq 100 futures essentially serve as a pulse check for risk appetite in growth and tech stocks. When you see a drop this sharp right out of the gate, it tends to ripple through the entire US equity complex and often kicks up volatility expectations. How the market responds to this early weakness will likely set the tone for where things head in the coming days.
Yuriy Ukazkin
