Nasdaq 100 comes off record high
The Nasdaq 100 seems to have failed to revisit last week’s 26,182 record high and is beginning to dip on profit taking amid and ongoing US manufacturing contraction and uncertainty surrounding the Federal Reserve’s (Fed) monetary policy.
A fall through the accelerated uptrend line and Monday’s 25,888 low would likely engage the 30 October low at 25,733. Failure there may put the 10 October high at 25,195 back on the cards.
Were a rise above last week’s record high at 26,182 to be seen, though, the 26,500 region might be in focus.
Nasdaq 100 daily candlestick chart