Nasdaq moves back to test 200 day MA

Technical Analysis

Author: Greg Michalowski | nasdaq

The 200 day MA comes in around 7500

The Nasdaq has moved back up to test the 200 day MA near the 7500 area.  The high just reached 7493 and has backed off. Be aware. The fall below the 200 day MA was the first crack below since 2016.

Kudlow on CNBC just said that there is nothing concrete regarding a meeting with Xi in November. The Nasdaq gives back gains and is up only 17 points now at 7438. 
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