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