Keeping with yesterday's NASDAQ trend-leader theme...
Failing to fill yesterday's [very] wide gap and losing relative strength as today's rally progressed, NASDAQ appears poised for a little more pressure.
Still no sign of elevated fear precipitating an increase in the number of shares offered up for sale. That's not good if you're a bull, particularly with momentum rapidly fading.
Seems likely, though, NASDAQ's 50-day moving average will offer support ... at least until Friday's August options expiration.
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