Nasdaq on Edge: CTAs Lurking Below and Fear Still Elevated

The NASDAQ remains range-bound and is testing major support at its 200-day MA, while CTAs are projected to sell up to $2bn in US equities. Market volatility remains high as fear indicators like VVIX stay elevated despite the market being close to all-time highs.

Key Takeaways

• 1.NASDAQ is testing critical support at the 200-day moving average and the 24,400 level.
• 2.Systematic selling pressure is expected from CTAs, with estimates of $1.5-2bn in US equity sales over the coming week.
• 3.Market fear remains elevated with the VVIX at 113 and a wide gap between VVIX and VIX.

Table of Contents

• NASDAQ
• Must hold in MAG
• CTAs
• Not a typo
• Fearful
• The SPX connection
• Can AI replace AI software?
• Fast market
• Still no bid
• Wild volatile market

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