Nasdaq, S&P 500 Face Further Pressure as Yesterday's Late Selloff Hurts Technicals

Nasdaq 100 News

Nasdaq, S&P 500 Face Further Pressure as Yesterday's Late Selloff Hurts Technicals
S&P 500US Small Cap 2000Ishares Russell 2000 ETF
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Stocks Analysis by Declan Fallon covering: Nasdaq 100, S&P 500, US Small Cap 2000, iShares Russell 2000 ETF. Read Declan Fallon's latest article on Investing.com

Markets started brightly yesterday but that was it. Heading into the final hour of trading it turned into a bit of a free-fall.) took the worst of the pain, leaving behind a very bearish looking inverse"hammer". There are prior 'sell' triggers in the MACD and On-Balance-Volume, along with an underperformance against the

The Nasdaq edged a breakout yesterday, but found itself drifting back inside resistance yesterday - not enough for a 'bull trap' - but enough to put the move higher on pause. The MACD is flip-flopping between 'buy' and 'sell' triggers, but other technicals are positive. The one thing I like is that buying volume days far outweigh selling ones.. Tuesday was a solid day of upside, but yesterday was the opposite.

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