Yesterday saw a huge rebound off the lows of the session. Crucially, the NASDAQ 100 price rebounded and held above the 200-day simple moving average (SMA), currently 17,794.
The index is already down 12.5% from its record high of July, having been almost 17% down from that high at yesterday’s lows. This is the biggest pullback since October 2023, and may mark the low for the time being.
This Dow Jones index also recovered from the lows, though the bounce overnight has been more muted.
