Nasdaq100 (NQ) Weekly MACD Trying to Negatively Cross

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The Nasdaq100 (NQ) slid more than 1.5% yesterday, and is trying to bounce just above a precarious triangle support (on the 4hr chart) and uptrend support (on the daily and weekly chart). Significantly, NQ is testing the 23.6% Fib retrace of the Jan-Apr rally, and appears winded on the dead cat bounce and poised in the next day or so to resume the slide since early May...Click hereto read the full analysis of this market as well as on S&P500, Cocoa

Nasdaq100 (NQ) Weekly/Daily/4hr

NQ (Nasdaq100) Technical Analysis

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