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S&P 500 and NASDAQ 100 Forecast

Discussion in 'Technical Analysis' started by Daily.Forex, Aug 23, 2016.

  1. Daily.Forex

    Daily.Forex Forum Member

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    The S&P 500 initially dropped during the course of the day on Monday, but turned right back around to form a bit of a hammer. The NASDAQ 100 is acting very much the same as the S&P 500 but I also recognize that the 4800 level is not only supportive, but is probably more important than the 20-day exponential moving average that we see in the other market.

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