NASDAQ 100 Strong Support at 200 MA

Background:

Price rebounded quickly after touching the 200 day moving average on Feb 28. For this reason, the market will mostly likely see the 200 day moving average as a major support level . For that reason, a break below this level will be difficult. On the other hand, if price does manage to break below 200, it will be inferred by traders as very strong bearish signal.

Chart:

NASDAQ 100 Strong Support at 200 MA by EmpowerTrader on TradingView.com

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