FXOpen
The Nasdaq 100 (US Tech 100 mini on FXOpen) chart shows:
→ January’s opening price was around 21,085.
→ February’s closing price was around 20,867.
This marks a 1% decline since the start of the year.
A report from Goldman Sachs, published on Friday, reinforces bearish sentiment, stating that global hedge funds sold more stocks than they bought at the end of February—the largest net selling in a year, according to Reuters.
Possible reasons for market pessimism:
→ AI-related stocks may be highly overbought. For instance, the "Magnificent Seven" tech stocks have underperformed the broader market in 2025.
→ Trump’s tariff policies on global trade could have negative economic consequences.
Technical Analysis of Nasdaq 100 (US Tech 100 mini on FXOpen)
Bullish perspective: Breaking January’s low did not trigger a strong downward trend.
Bearish perspective: The price has fallen below the support line (lower blue line), which had held since autumn last year.
The market’s next move could depend on how Nasdaq 100 (US Tech 100 mini on FXOpen) behaves around the 21,030 level. Previous rebounds from this support line were weak, and bears managed to break through with effort. This suggests they may still control this zone.
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Stay ahead of the market!
Subscribe now to our mailing list and receive the latest market news and insights delivered directly to your inbox.
Latest articles
XBR/USD Chart Analysis: Price Rebounds from a Seven-Week Low
On 1 December, we outlined a descending channel on the XBR/USD chart and noted that the bearish trend was driven by fading geopolitical risks. Indeed, hopes for an end to the war in Ukraine—along with the possibility of
Silver Price Hits Historic Record Around $64
On 27 November, we suggested that silver was preparing to challenge its all-time high. Since then (marked with the orange arrow), XAG/USD has risen by roughly 18%, breaking above the psychological $60-per-ounce threshold for the first time in history.