NASDAQ 100 steady but Dow and DAX drift lower
While the NASDAQ 100 is holding firm, both the Dow and DAX have edged back from their recent record highs.
NASDAQ 100 steady ahead of Tesla earnings
After some losses in the middle of last week, the NASDAQ 100 index has steadily clawed its way higher.
Last week’s high around 20,500 is the first target, followed up by the July peak at 20,760. A reversal back below 20,000 brings the early October low around 19,750 into view. This area was also the high from mid-August, representing a key zone to watch.
Dow falls back from new high
While it reached a record high at the end of last week, the Dow Jones index has now fallen back. The October low around 41,850 and the 50-day simple moving average (SMA) both come into play in the event of a drop.
A revival back above 43,000 could see the index challenge the recent highs.
DAX still in long-term uptrend
Two days of losses have knocked the DAX 40 index back from its record high, though the overall uptrend is intact.
A more sustained move down still targets the October low at 18,935. This is followed up by the July high at 18,782, and then the May high of 18,636.
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