The Nasdaq Composite Index finished the week taking out previous lows and closing right under the '08 lows of 1295.48.Meanwhile, the Nasdaq100 is still just shy of the '08 lowsa slow-bleed all day long. The Nasdaq was primarily led by the drubbing of AMZN and AAPL, while the last 30-min showed us something that I would assume was a short-covering squeeze; those covering their short positions before the weekend.
The Qs breached support within the first 30-min and tumbled quicklyMost of the afternoon price chopped around S2, with a few stabs at vwap, and ultimately a squeeze above S1.GOOG showed some relative strength once falling below $300, it ramped back up to close above previous resistance.Meanwhile, the trendline breach on the daily looks like it might want to make an attempt at getting back above that range, though it looked done for at one point this morning.
Also, looks like a bear flag breach on the weekly, and desperately holding on
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