Nasdaq opens lower after yesterday's sharp gains. NASDAQ leading the way lower ...Middle East

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Looking at the hourly chart, the sharp rise yesterday fell short of the high price from last week (on Wednesday) at 19800.46. The high price extended to 19733.31 yesterday.

Looking at the hourly chart, back on May 30 the price did try to break below that level only to fail and rotate back to the upside.

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

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