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The NASDAQ 100’s rise from its early October 19,611 low has so far taken it to 20,320, to marginally above its September peak at 20,316 following US initial claims which soared to a 14-month high. Were the 20,320 high to be overcome, the July all-time high at 20,760 would be back in sight.
A fall through Thursday’s low at 20,111 is needed for Monday’s low at 19,714 to be revisited. Below it lies the 19,611 early October low.
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