Nasdaq 100 reverses intraday gains to post another lower close

Yesterday the price action in the Nasdaq 100 was treacherous. The index fell back to a new interim low at 18,721 in the first hour or live trade only to rebound by just over 500 points, all the way back to a high at 19,227 after the European close. The relapse that followed saw it slide back towards 18,800, before setting another lower close, at 18,830 with a loss of 201 points on the day. The earlier rotation back into Dow Jones that was noted again early in the session remained in place until the close too, as the Dow Jones ended the day with a modest gain. Overnight a slight steadying across the Asian markets has delivered a rebound in both the Dow Jones and the Nasdaq 100 futures ahead of the European opening. The Nasdaq 100 is currently priced to reopen around 18,945 but that is bound to chop and change before live trading resumes