The NASDAQ has had a quick rebound today and currently trades up around 200 points or 1.08%. The high prices just reached 18486.45.As outlined in the video yesterday ("What would increase the bearishness in the Nasdaq today and going forward"), the low price yesterday broke below its 50-hour moving average, but fell short of the 38.2% retracement of the last trend leg higher at 18222.50. The low price reached 18238.16 (about 16 pips above that key target).In the post, I wrote and warned:If the price on a correction, cannot get below the 38.2% retracement of the last trend move, are the sellers winning? The answer is NO. The correction is just a normal, plain-vanilla variety in what is a bull
Hence then, the article about nasdaq index bounces back strongly the selling could not extend below key target yesterday was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( NASDAQ index bounces back strongly.The selling could not extend below key target yesterday )