Nasdaq Enters ‘Correction’, Breaks Below Key Technical Support

The Nasdaq just entered a ‘correction’ – down over 10% from its record high…

Year-to-date, Nasdaq is down 7%, its worst start to a year since 2000…

And the Nasdaq Composite just broke below its 200DMA for the first time since March 2020…

And all of this as STIRs signal an increasingly hawkish Fed…

Where is the new Powell Put strike?

Tyler Durden
Mon, 01/10/2022 – 11:02

Read the full post at Zerohedge.

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