NASDAQ LEVELS To Look Out For

NDX Holding the current support level at 12700. If the index breaks this level a re-test or a continued sell-off is in play.

Scenario 1: Re-test at 12400 or a re-test of the monthly low at 12200.

Scenario 2: A continued sell-off could force the price to test the 200 MA. A move to test the 200 MA would be mean this sell-off will approach -15%!

Nevertheless, as long as the index holds at 12700, we’re looking bullish for the time being.

Chart:

NASDAQ LEVELS To Look Out For by EmpowerTrader on TradingView.com

snapshot

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