Implications and Outlook
With all indices climbing off of their respective day's lows, the NASDAQ Index drove the majority of Thursday lowers by finishing down minus 1.8%. The Index completed its outer Index Rally 7665 on August 29th, and with strong Key Resistance 7660 holding steady causing the market to turn down hard violating Mean Support 7532 and being posed to make a touchdown at Mean Support 7414, 7352, while Key Support 7194 is looming below.
With all indices climbing off of their respective day's lows, the NASDAQ Index drove the majority of Thursday lowers by finishing down minus 1.8%. The Index completed its outer Index Rally 7665 on August 29th, and with strong Key Resistance 7660 holding steady causing the market to turn down hard violating Mean Support 7532 and being posed to make a touchdown at Mean Support 7414, 7352, while Key Support 7194 is looming below.