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The Nasdaq 100 (NDX) index faces critical technical pressure around the 24,000 level, identified as a key support point.
Yuriy Matso stated that nothing favorable typically occurs for the index when it trades below its 200-day moving average, underscoring the significance of maintaining its position above this level.
The technical vulnerability facing the Nasdaq 100 draws parallels to heightened caution elsewhere in U.S. markets, where surging demand for protective strategies has come to the fore. This trend was evident when traders amassed a record level of S&P 500 put options, reflecting broad-based bearish sentiment—a signal that underscores the stakes at critical support thresholds like the current 24,000 mark.