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Nasdaq 100 futures take one step closer to bear market territory
Yesterday an update here notified readers of the price point at which the Nasdaq 100 will fall into bear market territory (defined by a 20% fall or more from any given high on the year) and that was conveyed to you for good reason, because that was where the thoughts on its direction were. So, looking at the index futures right now, we can see the index is priced even closer to that for the opening this afternoon. To remind the reader; the index will enter bear market territory if it falls to 17,777 (22,222 less 20%). The index has been priced to open close to 17,875 a little earlier. It is just now pricing that opening at around 17,905
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