en
Help Centre
Contact Us
Company Logo
Markets
MARKETS TO TRADE
  • All Markets
  • Forex
  • Commodities
  • Metals
  • Indices
  • Stocks
  • Cryptocurrency
  • ETF CFDs
  • Futures CFDs
  • Crosses CFDs
Trading
ACCOUNTS
  • Our Accounts
  • Standard
  • Micro
  • ECN
  • Pro ECN
  • Practice
PAMM
  • PAMM Trading
TRADING TERMS
  • Fees
  • Deposits & Withdrawals
  • Leverage & Margin
  • Dividends Calendar
  • Contract Specifications
Platforms
PLATFORMS
  • Our Platforms
  • Desktop
  • Trading App
  • MetaTrader 4
  • MetaTrader 5
Tools & Resources
TOOLS
  • Economic Calendar
  • Trading Schedule
NEWS & ARTICLES
  • Market Analysis
Loyalty & Promotions
REWARDS
  • Alpari Rewards
PROMOTIONS
  • Our Promotions
Get triple points when you trade Cryptocurrency! Ends 14th July.
CRYPTO POINTS BOOSTGet triple points when you trade Cryptocurrency! Ends 14th July.
About
Why Alpari?
  • About Us

NAS100 extends declines as death-cross & tarrifs collide

NAS100 extends declines as death-cross & tarrifs collide
  1. Home
  2. Market Analysis
  3. NAS100 extends declines as death-cross & tarrifs collide
  • NAS100 down 25% from all-time highs, lowest since January 2024
  • China's tariffs on US goods raised to 84%, effective April 10th
  • FOMC minutes release today, may trigger volatility
  • Death cross forming on the NAS100 daily chart, signaling further declines
  • Fibonacci levels and RSI suggest potential resistance and more downside

 

Did you know the NAS100 has plummeted to levels not witnessed since January 2024?

This tech-heavy index has now dropped over 25% from its all-time highs, largely fuelled by mounting fears of a global recession triggered by President Trump’s announcement of reciprocal tariffs on April 2nd.

These worries have only intensified as both the EU and China prepare to impose even harsher retaliatory measures against the United States.

 

As of today, Trump's tariffs went live, and China has raised tariffs on US goods to 84%, effective Thursday, April 10th.


NAS100 may see added volatility when FOMC meeting minutes are released today at (18:00 PM GMT).

 

Note: Over the past 12 months, the FOMC minutes have triggered upside moves on the NAS100 of as much as 0.9% or declines of 1.1% in a 6-hour window post-release.


From a technical standpoint, the outlook appears grim.

A potential 'death cross' is forming on NAS100, a phenomenon where the 50-day moving average crosses below the 200-day moving average, signaling a strong likelihood of prolonged declines.

Furthermore, it has met resistance at its 261.8 Fibonacci level (17,739.8) for 2 straight trading sessions, increasing the probabilities of the index’s” decline to new intraday lows.

The Relative Strength Index (RSI) shows that the NAS100 is currently oversold, but there remains ample room for further downside, as levels have yet to reach those seen during the 2008 global financial crisis.

The Index bears may pay attention to the following levels for potential resistance levels:

  • 17,739.8 – 261.8 Fibonacci level
  • 19,235.1 – 21-day simple moving average
  • 19,473.8 – 161.8 golden Fibonacci level

 

NAS100 bears on the other hand may observe the following levels for potential support:

  • 15807.5 – significant price level
  • 14934.2 – 423.6 Fibonacci level
TariffsFOMCNDX
Company Logo

Explore

  • Markets
  • Platforms

About

  • About Us

Support

  • Help Centre
  • Contact Us
  • Helpline: +44 2045 771 951
  • Bonovo Road, Fomboni, Island of Moheli, Comoros Union

Alpari, the trading name of Parlance Trading Ltd, Bonovo Road – Fomboni, Island of Mohéli – Comoros Union, is incorporated under registered number HY00423015 and licensed by the Mwali International Services Authority, Island of Mohéli as an International Brokerage and Clearing Company under number T2023236.

Risk Disclosure: Before trading, you should ensure that you've undergone sufficient preparation and fully understand the risks involved in margin trading.

Alpari does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Syria, Sudan and Cuba.

© 1998-2025 Alpari

Privacy PolicyClient AgreementRisk DisclosureCookie PolicyTerms of Business
logo
We value your privacy
We use cookies to give you the best-possible experience on our site and serve you personalised content. Click "Sounds good" to agree to our Cookie Policy.
Sounds good