Nasdaq correction deepens as technical signals point to further downside

The Nasdaq‑100 index slipped into correction territory, closing more than 11% below its all‑time high reached in early June. Historical data shows the index has recovered from every prior dip, though recovery times vary. Analysts advise investors to avoid market‑timing, continue automatic investments, stay diversified and reassess risk tolerance.

Technical analysis of recent Nasdaq futures shows a doji candle on Friday, closing just below key resistance near 28,300. The price retested the lower boundary of a previously broken rising channel, suggesting a potential retracement toward approximately 27,885. Downside targets include the round number 27,000 and support near 26,775, while a bullish recovery would require reclaiming the 28,550 level.