NASDAQ index dips below its 100 hour moving average

Aug 20, 2022
NASDAQ index dips below its 100 hour moving average

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Him

NASDAQ index dips beneath its 100 hour shifting common

The NASDAQ index is buying and selling down round -221 factors or -1.7% at 12744. That has taken the index beneath its 100 hour shifting common at 12754.76.

Again on July 26, the value briefly dipped beneath the 100 hour shifting common solely to hole increased the subsequent day. The break intraday at present, provides sellers the chance to extend their bearish bias with extra momentum.

Sellers are making a play. Can they maintain the momentum going?

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