NASDAQ index on pace for its worst day since October 25 ...Middle East

The Nasdaq index is trading back down toward its lows for the day. The index is down -274 points or -1.80% at 14740.31. The low for the day reached 14723.75 today. The fall is the largest decline since October 25. Since that fall, the index had been up for 9-consecutive weeks. Technically, the rebound off of the earlier session low was able to stay well below its 100-hour moving average. That moving average comes at 14882.25. It would take a move back above that moving average to give the buyers more confidence.On the downside, the rising 200-hour moving average comes in at 14569.03 (green line on the chart above). The sellers have the bit in their mouth and they are trying to keep that pres

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NASDAQ index on pace for its worst day since October 25 ...Middle East

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