Jul 27

Plunge Accelerates in Nasdaq (QQQQ)

The last hour's plunge in the Nasdaq indices really started accelerating on a break below 1500 (36.60 in the Qs), which as we can see from the enclosed chart has triggered a plunge towards a test of the prior pullback low at 1484 (36.23). So far, that level has contained further damage.

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Chart

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