The technical damage caused by Monday’s fall remains contained as long as Nasdaq-100 stays inside its one-month long 4.050-4.100 consolidation range. MACD is on a sell mode but we favor the scenario of a new high soon. There is good support below, at the psychologically important 4.000 points mark, which is also the July high and the 50-day MA.
NASDAQ-100, daily chart:
Chart courtesy of StockCharts.com. http://stockcharts.com
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