NASDAQ 100 -- TF = daily
The NASDAQ 100 is facing many challenges, and the new set of tariffs will have a tremendous impact on the sector and in names such as Apple Inc [AAPL] and Intel [INTC]. Apple was downgraded recently and Apple's iPhone sales in China could decline by as much as 50% [Citi]. The NASDAQ 100 has developed a very bearish technical pattern: Head-and-Shoulders and it is trading well below its 50 day MA and now has also broken down through its 200 day MA.
