$Nasdaq 100 (NDX) Pulls Back -0.004% to 28,957: RSI Near Oversold, 29,000 Pivot Holds the Line
@Trend_Radar:
📊 Market Recap As of the October 24 close, the Nasdaq 100 Index ('NDX') settled at 28,957.527, down just 0.00% on the day, with an intraday amplitude of 1.16%. The index traded in a range of 28,825.73 to 29,161.03, finishing roughly 7.7% below its 52-week high of 31,361.37 and about 26.8% above its 52-week low of 22,841.42. Recent price action shows the index consolidating below the 29,000 psychological pivot after a multi-session pullback. Technical momentum has weakened, but the index remains structurally above its long-term support zone, keeping the medium-term uptrend intact for now. 🚀 Key Drivers Hedge Fund Rotation: Record-selling by hedge funds has reduced aggressive tech exposure, contributing to the index's recent downside pressure. Rate-Sensitive Valuation Reset: Rising uncertain