FX & CFD trading involves significant risk
After a brief breather, sellers have redoubled their efforts to take the Nasdaq to a new session low. Given the steepness of its slide both today and yesterday, the Nasdaq is on pace for its worst back-to-back performance since August.
The magnitude of the back-to-back selling suggests that something more than profit taking might be going on in the market. Stocks registered new two-year highs only two days ago, but in the stock market's ascent to that point pull backs were met with subsequent support.
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