The NASDAQ 100 simply had its worst day in three weeks, however the month-to-month chart reveals 11% upside to long-term resistance at 29,000. Clay Webster breaks down why Thursday’s pullback is a shopping for alternative, not a reversal – analyzing Fed price cuts, Large Tech earnings from Alphabet and Microsoft, breadth indicators, and the AI rally’s remaining runway. Anticipate a retest of 24,500 assist earlier than the index expenses increased into year-end.
