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Nasdaq 100: Deteriorating Market Breadth Does Not Bode Well for the Bulls

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The price actions of Nasdaq 100 have reached the lower limit of a major resistance zone of 18,435/620. Heightened over-concentration risk from Nvidia as its current year-to-date returns of 87% contributed to 55% of Nasdaq 100’s year-to-date return of 10.50% as of 27 March. Nasdaq 100’s market breadth indicators have started to deteriorate which increases […]

The post Nasdaq 100: Deteriorating Market Breadth Does Not Bode Well for the Bulls appeared first on Action Forex.

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