​​​Nasdaq 100 still moving higher​The index has enjoyed an impressive run over the past week, bouncing off the 200-day simple moving average (SMA).​Further gains now target the 19,500 highs from 31 July and 1 August and the 50-day SMA. Beyond this lies the 20,000 level.​So far there has been no indication of a reversal, though a drop below 18,800 might signal that some near-term weakness is at hand, potentially targeting the 200-day SMA once more, as well as the lows of August around 17,500.Nasdaq 100 Daily Chart
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​​Dow is back above 40,000​The rebound goes on for this index too, having recouped the 40,000 level, and in early trading, it is testing the 40,080 highs from May.​Additional gains would now take the price on to 41,000 and then 41,382, the latter being the record high. Sellers will need a reversal back below 39,000 to indicate a new test of the early August low around 38,500.Dow Jones Daily Chart
of clients are net long.
of clients are net short.
Change in
Longs
Shorts
OI
Daily
-6%
10%
5%
Weekly
-32%
47%
10%
​​Nikkei 225 pushes higher​Having recouped all its losses from the open on 5 August, the index has now recovered the losses from Friday 2 August. This remarkable bounce shows no sign of stopping at present.​Further gains will target the 200-day SMA at 38,144, once it has closed above the 36,707 level, the low from mid-April.Nikkei 225 Daily Chart
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