What would increase the bearishness in the Nasdaq today and going forward? ...Middle East

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What would increase the bearishness in the Nasdaq today and going forward?
The NASDAQ index fell -408 points at one point in trading today. It is currently down -334 points or -1.80%. That is its worst trading decline since April 30 when the index fell -2.04%.What did the decline do from a technical perspective?The low price in the Nasdaq index today reached 18238.78. That was good enough to get the price below its 50-hour moving average at 18273.95 (black line on the chart above). However, the price was not able to get below the 38.2% retracement of the last trend move to the upside that started on June 24 low. That 38.2% retracement comes in at 18222.50.If the price on a correction, cannot get below the 38.2% retracement of the last trend move, are the sellers wi

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