Nasdaq 100

The decline in Nasdaq 100 from the high of wave B looks like an impulse move and it could be in wave v of 1 of C. So in the short-term, a bounce in wave 2 cannot be ruled out before resuming its downtrend again. In case of any pullback/consolidation, the 40DEMA and 20DMA, currently pegged at 14303 and 14416 respectively, will be crucial resistance levels to watch out for. On the way down, the equality level where wave A and C will be equal is 11845.