Nasdaq melts as 18445 fails to hold; Support 17850-17750 in sight
globalreutersAugust 7, 20241 Mins read Disappointing Quarterly results from Super Micro Computers triggered sharp sell off in Nasdaq which acted as catalyst for rejection from day high 18845 which works as turning point for prevailing recovery rally and the tech index is seen melting to 17913, at striking distance from previous day low 17882 If 17882 is breached, next immediate downside may come at 17750 Immediate resistance is seen positioned at 18180 followed by 18260 which needs to be reclaimed for resumption of recovery rally while strong
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This article was written by Greg Michalowski at www.forexlive.com.
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