The technology-heavy Nasdaq 100 is at a critical juncture, says Ragu Dharmaratnam of Baselica.
Despite its recent fall, it remains above its blue uptrend line from the major lows of March 2009, while there is support from the pink line at 2665. Those with long positions should use the latter level for reference when placing their stop-losses. The upside target is 3200.
