Despite the recent rises of the Nasdaq 100 index, economists at Credit Suisse expected the index to decline again from the resistance area near the level of 12856 points, or 12881 points.
Experts at Credit Suisse indicated that the Nasdaqd index may fall strongly from its highest level since the beginning of the year until it moves towards support in the near term near the level of 12407 points, which could add weight to our view to retreat further towards the level of 11905 points, and there may be a need To drop below 11,695 points, to warn of a broader decline towards the level of 11,093 points.
And the economists of the Swiss Bank continued that the weekly closing of the Nasdaq index above 12856/81 points may instead indicate that there is a more important move, and may push the index to rise towards the next resistance near the level of 13603/721 points, and this is the highest level since last summer.