Macro Trend Assessment: Nasdaq-100 Structure NASDAQ 100 IndexNASDAQ_DLY:NDXPrzemyslaw_BlachutUltra Long-Term Perspective & Stochastics This chart provides a 16-year view (2010–2026) to put current prices into historical context. ● Linear Channel: The NDX is currently testing the upper boundary of its decades-long growth channel. ● Stochastic Oscillator: The Stochastic (bottom panel) is in overbought territory (above 80). While this indicates strong momentum, historically, when it stays pegged at the top, it signals a powerful "runaway" bull market. ● Mean Reversion: Even though the trend is parabolic, the gap between the price and the long-term moving averages (SMA 100/200) is at historically wide levels, suggesting a high-premium environment. Bull Case : Simply put— the upward trend will continue until it reaches the upper boundary of the channel Bear Case - a drop to the recent low and a breakout from it, followed by a deep correction Przemysław Blachut Blachut Equity Research This analysis is for informational purposes only and does not constitute investment advice.