Mar 14, 09:14 AM

Nasdaq 100 Drops 1% for 16 Consecutive Trading Days; Last Streak Was 26 Days in 2022

The Nasdaq 100 has experienced an intraday drop of at least 1% for 16 consecutive trading days, marking a notable trend in the market. This decline has been confirmed by multiple sources, indicating that the index has not seen a day without such a drop since February 19. The last recorded instance of a similar streak occurred in 2022 when the Nasdaq 100 fell at least 1% for 26 days in a row. Analysts are observing the potential for a reversal, with some predicting a positive trend for the upcoming week. However, there have been no consecutive days of gains for both the S&P 500 and Nasdaq 100 during this correction period, raising questions about market stability.

#Nasdaq

Written with ChatGPT (GPT-4o mini).

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Heisenberg@Mr_Derivatives
2 years ago
Keep in mind this entire correctional drawdown we have not had consecutive green days on both the $SPY and $QQQ. Will Monday break that streak?
Heisenberg@Mr_Derivatives
2 years ago
Assuming today we close very green then we got the following: Last 3 Fridays (w/ today): VERY green Last 3 Mondays: Very red What will this coming Monday have in store for us? If you simply use this small sample size and trend... Well you can come to your own conclusion.
Heisenberg@Mr_Derivatives
2 years ago
We see a green week in the $SPY and $QQQ next week imho. Even if it is just +.01%.

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Nasdaq 100 Drops 1% for 16 Consecutive Trading Days; Last Streak Was 26 Days in 2022

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