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The NASDAQ index was close to an upside breakout in January 2026 but failed.
The February 2026 low was a retest of the November 2025 low, so that was acceptable. However, it is struggling to reclaim the January 2026 level.
Touching the white support line indicates weakness. However, it is currently holding that support.
Crude oil is close to a key resistance and NASDAQ is close to a key support makes sense as they are indicating inverse relationship.
#NASDAQ #NASDAQ100 #NDX #NAS100 #USTech100 #NasdaqComposite #NasdaqIndex