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Nasdaq 100 at Inflection Point: QQQ Tests Support, Holds Firm

Investing.com Logo Investing.com By Craig Thompson
Nasdaq 100 at Inflection Point: QQQ Tests Support, Holds Firm

The Nasdaq 100 experienced a short-term pullback but showed resilience by touching and rebounding from key support levels, suggesting a potential market bottom and potential resumption of its upward trend.

Insights
AMBP.WS   positive

High percentage of noteholder approval (99%+) indicates strong support for the proposed recapitalization transaction and positive market perception


QQQ   neutral/positive

Touched support levels and showed potential for market recovery, with technical indicators suggesting a possible short-term bottom