Nasdaq100 Chart Technical Outlook rallied to a record high but is showing signs of hesitation at 21,200. A minor H&S pattern – a common sign of a trend shift- endorses that view. Below the 21,000 neckline, the target is the 20.750 area. Further decline would depend on Wednesday’s CPI data and Powell’s comments on Thursday. Above 21,200, the target is 21,400.
