Nasdaq Turns Red As S&P Tumbles Back Below Key Technical Support

Well, that escalated quickly...

Nasdaq joins S&P and Dow in the red...

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Nasdaq futures just broke below the 200DMA and Nasdaq Composite is nearing its 200DMA...

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As the S&P drops back below the key 2800 level...

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Quadruple Top it is...

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The Dow hits 3-week lows...down over 450 points from the earlier highs

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The dollar just keeps getting stronger in a well-contained range...

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And bonds are bid...

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Still no catalysts for this drop from a headline perspective.

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As a reminder:

  • December 2018: U.S., CHINA CLOSE IN ON TRADE DEAL: WSJ
  • January 2019: U.S., CHINA CLOSE IN ON TRADE DEAL: WSJ
  • February 2019: U.S., CHINA CLOSE IN ON TRADE DEAL: WSJ
  • March 2019: U.S., CHINA CLOSE IN ON TRADE DEAL: WSJ
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