The selling in the NASDAQ index continues with the index now down -1.75%. Yesterday the index fell over -3.6% it’s worth trading day since December 2022.
Looking at the daily chart, the price is approaching its 50% midpoint of the move up from the April 2024 low. That level comes in at 16976.54. Below that, the rising 100-day moving average comes in at 16807.78. The low price has reached 17033.
Yesterday, the price closed below its 50-day moving average at 17523.02.
Market action is a volatile.
This article was written by Greg Michalowski at www.forexlive.com.
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