Nasdaq 100 has completed a near-term top to maintain the risk for further weakness to the 38.2% retracement of the 2020 rally at 10275, per Credit Suisse. Key quotes “The decline has extended further for the completion of a ‘head & shoulders’ as well as a break of the 63-day average and we maintain our view for a deeper corrective setback to the 38.2% retracement of the rally from March at 10275. Whilst we have been looking for an attempt to find a floor here, we note now the risk for an overshoot to the 50% retracement and 200-day average at 9605/9545, where we would then look for more concrete signs of a floor.” “Back above 11495 is needed to suggest the corrective setback is over and core uptrend resumed.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK Preliminary Manufacturing PMI meets estimates with 54.3 in Sept, GBP/USD in lows FX Street 1 year Nasdaq 100 has completed a near-term top to maintain the risk for further weakness to the 38.2% retracement of the 2020 rally at 10275, per Credit Suisse. Key quotes “The decline has extended further for the completion of a ‘head & shoulders’ as well as a break of the 63-day average and we maintain our view for a deeper corrective setback to the 38.2% retracement of the rally from March at 10275. Whilst we have been looking for an attempt to find a floor here, we note now the risk for an overshoot to the 50% retracement and 200-day average… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
