The ECB sources and comment that 75 basis point is not off the table for October if inflation persists, has reversed the US stock indices.
- The Dow is now down 114 points or -0.36%
- The S&P is down -18 points or -0.44%
- The NASDAQ is now down 72 points or -0.62%
Looking at the NASDAQ hourly chart below, the price moved up to test the 50% of the range since the June low near 11870.00. The high price today reached 11896.73 before rotating back to the downside.
NASDAQ index falls from the 50% midpoint
