NASDAQ 100 and S&P 500 steady, but Nikkei 225 remains under pressure
While US indices continue to hold up, the losses have continued for the Nikkei 225.
NASDAQ 100 consolidates below highs
Consolidation continues here, as the NASDAQ 100 index holds above the previous high.
For the moment the buyers have been unable to re-establish upward momentum, but the overall bullish view remains in place. A close back below 20,760 might point towards a period of short-term weakness.
Nikkei 225 drifts below 39,000
The Nikkei 225 rally from late October has run into some selling, marking a retreat from 40,000, though the rally from the August low continues.
Continued losses would head towards the late October low around 37,340. A recovery back above 39,000 might signal that a new test of 40,000 could be on the cards.
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