Nasdaq 100 at Support
It was a mixed day for markets. The day started with a gap down but bulls were able to make a respectable recovery to finish well yet still net down on the day. The index best placed for a bounce on Friday is the Nasdaq 100. In addition to finishing on rising channel support the index has the 50-day MA to lean on too. Today's open started at the 50-day MA. Technicals do not offer much encouragement with a new 'sell' trigger in On-Balance-Volume to follow the existing 'sell' in the MACD.