NDX BearishNASDAQ 100 IndexNASDAQ_DLY:NDXchris_kehl_insightbb_comThe week ending 24 July left the NDX 100 right at the 20 day moving average. We are at a pivital point, obviously we could use this as support and bounce back up to our previous highs; however, looking at the RSI we have a downwards trend with a MACD that just turned negative. We have some earnings this week in tech coming off of AAPLES disappointing outcome. According to Man Group's Hooper, "Companies could easily meet earnings expectations and give strong guidance for the next quarter, but still be punished by the market as investors' perspective on the AI spending shifts". Giving seasonality and the current trend, I am BEARISH this week with the NDX and tech to include AI. From our top of $30,500.00 we could possibly fall 14% before we hit our next resistance.