The Nasdaq opened at a high and has since reversed. If we close down here at the lows of the day, that's called a "reversal day"...and these types of days typically signify weakness to come, not strength. We're currently at the closing levels from Friday, which should provide some support. Breaking below this level would likely mean weakness as well.
However, getting back to the opening levels or higher would be bullish. The afternoon will be interesting today.
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