Or further to go?
It's been a shaky start to the new year, with interest rate anxieties dragging on sentiment and hitting the NAS100 particularly hard.
The index fell more than 8% over the last week, breaking through key support in the process which could have led to a much deeper correction. Instead, the index bounced strongly in the final hours of trading on Monday and failed to close below the rising channel.
While a deeper correction could still be on the cards, the false breakout - as
11-01-2022 12:32 GMT
by Craig Erlam