NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Is Losing Ground Amid Profit-Taking
NASDAQ is losing ground as demand for tech stocks declines. Super Micro Computer, Micron, Intel, and NVIDIA are among the biggest losers in the NASDAQ index today. If NASDAQ stays below the 21,400 level, it will head towards the 50 MA at 21,269. A move below the 50 MA will open the way to the test of the nearest support level at 21,100 – 21,200.