Nasdaq 100 under pressureAfter the Nasdaq 100 fell by more than 3% in the week ending Friday 21 November, the index may extend those losses in the coming days. Recently, the Nasdaq 100 has been trading in a downtrend. Momentum has weakened, as indicated by the relative strength index (RSI), which formed a bearish divergence from mid-September when it began making a series of lower highs while the Nasdaq 100 itself made higher highs. Currently, the RSI is around 43, indicating that the Nasdaq 100 is not yet oversold and
