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Trading the Trend: short NASDAQ 100


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The NASDAQ 100 has formed a top on its daily chart by falling through its mid-February low and long-term remains within its 2021-to-2023 downtrend.

We would thus like to go short at 12,055 with a downside target at 10,805 and a stop-loss just above the early February high at 12,897.

 

Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 22 February 2023

 

 

 

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