Nasdaq 100 (US100) Chart Technical Outlook broken out of the Head and Shoulders formation to the downside.
The index has broken out of the bearish head and shoulders formation to the downside. This formation has a measured move target of 17,386. Reverse trendline resistance is located at 17,950. Intraday resistance is located at 18,000. The bias remains mildly bearish if we hold below 18,000.
