Nasdaq-100 Struggles to Reclaim 200-Day Moving Average After Tech Selloff

The Nasdaq-100 is struggling to regain its 200-day moving average following last week's sharp decline in technology shares, leaving a closely watched technical resistance level in focus.
Although the broader Nasdaq Composite recovered above its own 200-day average during Monday's rebound, the Nasdaq-100 remained approximately 0.6% below that threshold, according to MarketWatch. The distinction suggests that weakness among large technology companies has not fully reversed.
The 200-day moving average is widely used to assess longer-term market direction. Repeated failures to move above it can indicate persistent selling pressure, while a sustained recovery may signal improving momentum.
For traders following the Nasdaq-100 through $QQQ, the next sessions could help determine whether the rebound develops into a broader recovery or remains a temporary bounce within the recent correction.