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Nasdaq 100 futures under pressure again

Following on from the previous update noting the drop back in the USD/JPY and further losses across the US equity futures complex, we can see that all three major index futures are now feeling the heat. Basically what Waller said, remembering he is a FOMC voter, is that the markets are now concerned (and rightly so) by US fiscal indiscipline. Well, that has not been lost on the markets either and right now the Nasdaq 100 looks like it might reopen below that 21k handle it narrowly held onto yesterday. This is something that was touched on in an earlier update here today. The Nasdaq 100 is not leading the downside right now though, as that is more focused on the Dow Jones and the S+P 500 futures. Nevertheless, as things currently stand and unless they change, the index looks like it might easily reopen below 21k this afternoon 

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