Nasdaq index bounces after a successful test of the 200 day MA ...Middle East

I wrote about it in this post here:

Today, the price got within sniffing distance of that 200-day MA and the decline did slow and there has been a bounce higher.

On the topside, the low of the Red Box comes in at $18,831. Getting above that level is needed to advance the correction idea more and give buyers more confidence.

This article was written by Greg Michalowski at www.forexlive.com.

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