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On Friday it was once again the tech sector and the Nasdaq 100 that led the gains on Wall Street. The Nasdaq 100 closed 1.14% higher, where it was a 0.74% gain for the S+P 500 and just 0.05% for the Dow Jones. The Nasdaq 100 rose to 19,447 and later closed 218 points higher, at 19,432. That close was also above the noted 50% correction target (19,382), which had been surpassed earlier in the session. The 19,382 price point concerns the fall from 22,222 to the most recent low at 16,542. The next level in that regard is at 20,052 and that represents a 61.8% recovery of the same fall. The question this week; will the index continue to rise and potentially meet that next correction target? That is a possibility and it is potentially an important level too. That is very much in the balance and the current view here; this rebound is only corrective and still not dynamic, to a resumption of the former upward trend. So, with that in mind, the Nasdaq 100 futures are lower this morning and right now pricing the opening later at around 19,310
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