Morning Commentary for the Indexes

The September NASDAQ 100 was lower overnight as it consolidates below broken support marked by the 20-day moving average. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends this month's decline, the reaction low crossing at 2503.50 is the next downside target. Closes above the 10-day moving average crossing at 2593.85 are needed to confirm that a short-term top has been posted. Continue reading "Morning Commentary for the Indexes"

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