NASDAQ: After A 4.2% Drop, Is There Support For Higher Prices?Micro E-mini Nasdaq-100 Index FuturesCME_MINI_DL:MNQ1!RT_MoneyWelcome back to the Weekly Forex Forecast for the week of June 8-11th. In this video, we will analyze the following FX market: NASDAQ (NQ1!) (NAS100) The tech-heavy index is facing notable downward pressure after suffering its largest single-day drop in over a year (a 4.2% plunge). What to watch: - Interest Rates and Jobs: A much stronger-than-expected monthly jobs report has caused Treasury yields to rise. This has reduced expectations for near-term interest rate cuts by the Federal Reserve, which generally hurts high-growth, tech-heavy stocks. - Tech and AI Valuations: Semiconductor and AI-related stocks (such as Nvidia, AMD, and Intel) experienced heavy selling. Investors are questioning whether the massive spending on artificial intelligence is translating into immediate returns. - Upcoming Economic Data: The market's direction this week will likely be heavily influenced by incoming macroeconomic reports, specifically upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) readings. My plan: Wait patiently for the market to find its feet in the OTE levels highlighted in the video. A strong US Dollar could pressure equities prices down to the breakout level of 26864.50. If this happens, I will be waiting for the formation of the buy model, and ride the wave up! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.