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US stocks turn lower- Nasdaq 100 drops back from new rebound high at 19,835
The US stock markets have been open for less than one hour now and all of them have turned lower. The Nasdaq 100 did actually open slightly lower today, at 19,736 after closing last night at 19,766. It then rose to a new rebound high, at 19,835 which was shy of the noted next Fibonacci correction level, at 19,924. The index has now fallen back to set a low at 19,726. So, as you can see, it is not exactly falling out of bed, but in the red now all the same. The Nasdaq 100 is currently trading at 19,735
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