💻 [MGM Market Insight] AI News Looks Bearish, But NASDAQ Still Climbing – What Gives? Everyone’s talking about Nvidia’s $200 billion wipeout, about whether AI has peaked, about how tech is overbought… But the NASDAQ 100 (NAS100)? It just printed a new local high. What’s going on? 📉 Reality check: Nvidia (NVDA) dropped 10% in 2 sessions → over $200B in market cap gone Only ~36% of Nasdaq stocks are trading above their 200-day MA (source: MarketWatch) Top 5 mega-cap stocks account for over 50% of NAS100’s gains YTD So yes — the rally is still on… But it’s very concentrated, and possibly top-heavy. 📊 Chart View – NAS100, H1 Price is now pushing new highs around 22,470, supported by both short & mid MAs (yellow) But notice: ATR(14) has declined significantly → volatility is fading A sign that this upmove is getting tired — even if it hasn’t reversed (yet) This is the kind of move where: 👉 Smart money is reducing exposure 👉 While retail is still buying every green candle 🧠 So what’s next? We’re not calling a top. But we are saying: this rally is built on fewer and fewer names. And when everyone crowds into the same few stocks, the reversal — when it comes — can be fast and ugly. 🎯 MGM Forecast: If NAS100 breaks 22,500 with momentum → may stretch to 22,800 But if it slips back below 22,300, we may see a shakeout toward 21,950 Watch ATR — if volatility spikes again on red candles, it may signal the unwind has started 📍 Asset: NAS100 🕒 Timeframe: H1 📊 Tools: MA, ATR, Market Internals 🧭 Mood: Looks strong, but internally fragile When price goes up, but breadth goes down — that’s not strength. That’s imbalance. Macro Global Markets — trading what’s real, not just what’s shiny. #MacroGlobalMarkets #NAS100 #TechStocks #NvidiaDrop #AIBubble #MarketBreadth #TradingInsight #SmartMoneyMoves