Dow falls 800 points. Nasdaq down nearly 300 points

Technical Analysis

Author: Greg Michalowski | dow

Major indices continue to get creamed.

the US major indices continue to get hit hard.
  • All 3 are in correction mode now (-10% declines from the high)
  • NASDAQ down nearly 300 points or -3.3%
  • the Dow industrial average fell over 800 points and is down -2.96 points
  • S&P index is down -91 points or -2.95%
The price of Apple has moved below its 100 day moving average at $280. We currently trade at $276.07, down -5.67%.

The EURUSD is testing the 1.1100 level.  It is above a swing area and re-enters the consolidation range that confined the markets from mid-October until early this month, (above 1.09806). That is now close risk for longs.
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