I think the NASDAQ100 has to go lower because of the surge in the US long bond rate but it is holding reasonably well at present.
I would watch the 200 moving average which is currently at 13257, as a pop above this would bring a lot of money back in. Sharemarkets have a tendency to rally into Christian festivals such as Easter, so don't be surprised if it does go up.
The trade strategy appears sound though
I think the NASDAQ100 has to go lower because of the surge in...
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8,076.6 |
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