Nasdaq Index holds above critical support line

3 мар. 2020 г.

Nasdaq Index surged at the last hour of trades in yesterday's session and closed just below at 8961.70 price line highlighted in my previous update. Today's opening was around yesterday's close; Its first moved manged to breached 8961.70, pushed through to 9070.40 but failed to cross the line and pulled back. The Index is currently trading below 8878.10 down close to -2% and could continue down 8638.70 and 8387.50 if it fails to get back above 8878.10