Nasdaq 100 met resistance at the light blue downtrend line, MA20, and the orange up-channel bottom. If it cannot break through these resistances, it may need another down-leg to form a double bottom.
Also, more than 600 stocks failed MA20 today, including MSFT, TSLA, and ASML. Click the link below to view them:
360miq.com/screener?market=NYSE%20%2B%20NASDAQ&ma20=Close%20cross-under%20MA20
360miq.com/market?data=NASDAQ#tab-3
