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The US stock markets all posted solid gains into the close last night. The best performing index in percentage terms was the Nasdaq 100, which closed 2.16% higher. The S+P 500 put on 1.76% and the Dow Jones gained 1.42%. The index reached 20,208 and later closed 426 points higher, at 20,180. If we look at the more than 13% fall from the record at 22,222, to the most recent low at 19,152 we can see the first corrective target is in place now at 20,325 and that is a level that certainly looks to be on the radar now this week. The S+P 500 already met its first corrective target yesterday, but more on that in an update to follow later. The Nasdaq 100 was led higher by gains in Tesla, which piled on 11.93% yesterday. There can be little doubt that this corrective wave is now fully underway for the Nasdaq and the other two US indexes. The only question is how much further has it to run? Right now further by the looks of things, but the Nasdaq 100 futures are a little lower this morning, currently indicating a reopening at around 20,140
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