Nasdaq 100, Dow Jones and Dax all fell sharply


Nasdaq 100 falls to current lows

Thursday’s dramatic reversal erased Wednesday’s features and introduced the index again to this week’s low round 18,600 factors.

If 18,600 is breached, the following stage to observe is the low since late Could at 18,187. Whereas the general uptrend stays intact, costs are at the moment beneath the 100-day easy transferring common (SMA), closing beneath this stage for the primary time since Could 1.

Nasdaq 100-day chart

Supply: IG, ProRealTime

Dow returns to trendline help

The index has moved again towards trendline help from its June lows, reversing features over the previous week.

An in depth beneath trendline help and beneath the Could excessive would open the best way to 39,587. Under which might be the 50- and 100-day transferring averages, which haven’t been examined since early July.

Dow Chemical Every day chart

Supply: IG, ProRealTime

Really helpful by Chris Beauchamp

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Germany’s DAX hits three-month low

Thursday’s decline worn out all features since early June.

The index is at the moment at its lowest stage since early Could. An in depth beneath 17,790 would see costs take a look at the 200-day transferring common after which the April 19 low of 17,400.

German DAX Index Every day chart

Supply: IG, ProRealTime





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