Dow and NASDAQ 100 see losses ease, but DAX still under pressure
While US indices have seen their losses ease off for now, the DAX is edging lower in early trading.
Dow losses pause for now
The Dow Jones index failed to hold its highs yesterday, but has managed to avoid a lower close. In addition, the price has opened higher today, bolstering the view that a short-term low has been formed.
A close above 40,400 helps to solidify the bullish outlook, while sellers will want a close back below Wednesday’s low at 39,803.
NASDAQ 100 rallies off Thursday low
Thursday saw the NASDAQ 100 index finish off the lows, bouncing off the 100-day simple moving average (SMA). However, it has yet to push above yesterday’s highs, limiting the potential for a bullish turn higher.
A close back above 19,150 would signal that a low has formed for the time being.
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