Nasdaq 100: Cracks below support
The Nasdaq 100 index’s drop last week below minor support at 15285-15385 and the subsequent break below the 89-period moving average on the 240-minute charts – for the first time since the rally began earlier this year -- has confirmed that the bullish pressure has eased for now. The index looks to test the 200-period moving average (now at about 14275).
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