US Markets - Nasdaq 100 at a Critical Level

publication date: Oct 24, 2018

Cerundolo Investment Research    

US Markets Update  

Volume 2, Issue 15
October 24, 2018

 

Items of Interest: 

  • The Nasdaq 100 is back down to a critical level at the MFU-3 target area of 6930. Typically, we would see a rally from this zone with a retest which we are now getting. The index hit the MFU-3 target on October 11, and we had a 6.7% rally followed by a reversal to retest that low. We would consider this area as the last stand for a “pop” higher else, another 4% decline at a minimum.

 

 

 

 

 

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