Déjà Vu Is Getting Dangerous - NASDAQ Replays The 2025 Breakdown

Checking in on the déjà vu

The déjà vu we have been outlining recently continues to play out. Markets went nowhere from Nov 2024 until the breakdown in Feb 2025, and the past few months have followed a very similar script. We broke below the 100-day MA a few sessions ago, exactly what we saw last February, with the 21-day now closing in on a cross below the 100-day.

NASDAQ is sitting on short-term support here. A brief bounce is possible