However, perhaps the more pressing concern is the break of key technical levels this week. The S&P 500 has dropped below its 100-day moving average (red line) while the Nasdaq has not only broken that but is now eyeing a potential test of its 200-day moving average (blue line).
here. And those risks still hold true as we look towards the weekend, where the gains thus far today are masking the shaky underlying sentiment in the market this week.
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