NASDAQ index closes the gap from Friday’s low


Friday’s low was at 13530.96

the NASDAQ index has closed the gap from Friday’s low at 13530.96. The high price has just take to 13534.60.

Friday's low was at 13530.96_

The Next major target comes at the 50% retracement of the range since January 29. That comes in at 13580.08. The 200 hour moving averages at 13602.89. Getting back above those levels would tilt the bias more to the bullish side for the index.

The NASDAQ index is up despite the declines in some of the top companies including:

  • Apple, -0.8%
  • Amazon, -1.25%
  • Microsoft, -0.49%
  • Facebook, -1.0%
  • Nvidia, -0.24%

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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