NASDAQ 100 Forecast: Index Breaks Down to 50-Day EMA

  • The NASDAQ 100 broke down a bit Tuesday to reach the 50-day EMA.
  • The 50-day EMA sits just a bit above the 12,000 level, and I think there’s a lot of interest in that area.
  • Even if we break down below there, I think we could see buyers come back into this market closer to the 11,500 level.

Steve Walker

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