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Nasdaq tests the 200 hour MA. Backs off.


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Still above the 100 hour MA though

The Nasdaq index moved to 7259.13. The 200 hour MA comes in at 7259.778.  Sellers leaned on the first test.   If the index is going higher, that level needs to be broken and stay broken. 
The 100 hour MA at 7184 is a risk level for longs.  Stay above that level on a correction, and the buyers remain in control.  Move below and the bullish run gets a little more muddy. 

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