NAS100: NASDAQ Is About to Collapse?US Tech 100CAPITALCOM:NAS100ArthurshUsing the daily chart, it's clear that the Nasdaq has been consolidating inside a symmetrical triangle for almost two months. I've been waiting for this breakdown for a while. I expected it to happen about two weeks ago, but buyers stepped in on July 8 and prevented the structure from breaking down. With symmetrical triangles, the breakdown is confirmed when the price breaks below the second bottom of the pattern (marked as "2nd bot" on the chart). In volatile markets with mixed catalysts, like we've seen over the past few weeks, it's common for the price to try to reclaim the triangle after the initial breakdown. That's exactly what happened over the last 3–4 days, but the attempt was rejected. The key level to watch is a clean break below 28,681 (the red line). I believe we'll see that happen, if not today, then tomorrow. Using the classic symmetrical triangle measuring method (the height of the pattern), the downside targets are: Target 1: 26,963.8 Target 2: 26,388.9 The second target lines up almost perfectly with the 200-day moving average, making it a strong area where buyers could step in and provide support.