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NASDAQ moves to a new session low

NASDAQ index is back down testing its 200 hour MA

The NASDAQ index is now down -323 points or -2.62% at 11994.30. That takes the price back down toward its 200 hour moving average at 11991.74. A move below that moving average line would increase the bearish bias from a technical perspective.

Conversely stay above, and the buyers dodged a bullet from a technical perspective.

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