Weakness in Nasdaq 100 indicated by low market breadth and potential bear trap ahead.

From Investing.com: 2025-04-10 06:46:00

Market breadth on the Nasdaq 100 shows only 32% and 15% of stocks trading above their 20-day and 50-day moving averages, indicating weakness. The widening credit spread of US high-yield corporate bonds could lead to increased volatility on the Nasdaq 100. The index faces resistance at 19,290, with a potential bear trap following its recent 12% rebound. President Trump announced a 90-day tariff suspension, excluding China. The US stock market soared, with major indices like S&P 500 and Nasdaq 100 posting significant gains. Traders are now questioning if the recent rally signals a bullish reversal or a temporary rebound.



Read more at Investing.com: Nasdaq 100 Technical Outlook: 12% Monster Rally May Be a Bull Trap