Nasdaq 100 Technical: Counter Trend Rebound at Risk of Exhaustion as Key Risk Events Loom

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<p>The ongoing rally from last Friday, 27 October low has taken on the form of an impending “bearish flag” formation. Coupled with a weak market breadth condition (less than 50% of Nasdaq 100 component stocks are trading above 200-day MA), the rally is likely to be a counter trend rebound within its short and medium-term [&#8230;]</p>
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