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NASDAQ index is down now 2% on the day. What damage has been done technically speaking?

The NASDAQ index is down close to 2% on the day and in the process tests the 14,000 area. That area is a key technical area going back to mid-July. The price gapped above the level and then retested the level on July 21, July 24, and again last week on July 27. A move - with more momentum below that level - would have traders looking toward its 200-hour moving average currently at 13923.79. Break below that level and it opens a door for further selling potential.Looking at the other major indice... Read More

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Content Topics

Nasdaq

Index

Down

Day

What

Damage

Been

Done

Technically

Speaking

Forex

Posted: Aug 2 2023, 15:44

Author Name: forexlive

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