The NASDAQ index is down -100 factors or -0.55%. The costs again down testing the low worth from yesterday close to 17909.75. Early right now, the worth fell beneath that degree on its method to fill the hole from Wednesday to Thursday ( i.e the excessive from Wednesday). Patrons got here in close to the extent and pushed the worth again larger.
If patrons present up right here, name of the bearish canines once more.
Conversely, transfer beneath 17909 and I might take one other look down on the low of the hole close to 17832 earlier than the week is up.
BTW right now is a triple witching day.
Triple witchiing refers back to the simultaneous expiration of inventory choices, index choices, and index futures contracts. It happens 4 instances a 12 months—on the third Fridays of March, June, September, and December—and may be recognized to set off sharp worth actions as merchants shut out or prolong current positions. Buckle up.
