NASDAQ: This pattern ends with a 1W MA100 correction every time.US Tech 100 IndexICMARKETS:USTECInvestingScopeNasdaq remains almost overbought on its 1D technical outlook (RSI = 68.063, MACD = 449.409, ADX = 20.949) despite today's intraday pullback. The 1W RSI however remains above the overbought barrier and has spent there most of its time since June 2025. Every time since 2008 that the 1W RSI traded inside its Overbought Zone for that long, it always corrected back to its 1W MA100. Since 2018 in particular, this has happened 4 times including the unexpected 2020 COVID crash. All corrections reached the 1W MA100 after similar % declines, the shortest of which was -23.05%. The index hasn't touched its 1W MA100 since April 21 2025 and technically that's long enough to justify a new correction now. It is possible to reach the 1W MA100 by the end of the year (TP = 25,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##