The NASDAQ index is currently down 430 points or -1.96% at 21,500. That takes the price below the low price from last Friday’s trade at 21,522.75. It also takes a price to the lowest level since September 4.

The next major target area comes between 20,931 and 21,033 (swing lows from September 2 and August 19. Below that truth would look toward 21,573 (swing low from July 30) and the 38.2% retracement of the move up from the April 2025 low. That level comes in at 20,491.