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This Nasdaq 100 index fell back on Thursday after Wednesday’s surge, but then found buyers around 18,000. Gains have continued since then, and now the buyers are watching for a close back above Wednesday’s high at 19,200. This would then open the way for a push back towards the late March high at 20,350.
Sellers will be watching for a turn lower back below 18,500 that could potentially signal the start of a new leg lower.
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