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The Nasdaq composite index falls below September low. Rebounds but need to see more.

Discussion in 'Technical Analysis' started by ForexLive, Jan 14, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Watching 4500 The US stocks continue to get hit. The Nasdaq composite index moved down 12.63% from the end of December high to the low today. The price moved below the 4500 level and the low from September at the 4487 level. We are seeing a little rebound, but if the pattern continues the corrections get slammed. Yesterday, the index moved up to the prior day high and got near the 50% of the move up from the August low, and that was it. Back down hard.

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