Nasdaq Final Defense at 200 DMA

Nasdaq is the only index holds up 200 DMA, long term key level. It is time to test its ability today and next week.

Chances to break-hold are 80-20 based on two reasons. First, 200 DMA was broken last week. Second, today’s breakdown was too close to 200 DMA.

Once it breaks, next support is 7700.

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