The Gilmo Report

October 3, 2021

October 3, 2021 12:43 pm ET

The market ended its worst month since March 2020 on Thursday as the correction continued. The NASDAQ Composite Index tested the lows of two weeks ago and then finally pulled off a reaction rally on Friday, the first day of a new month. That presents an interesting U&R here along the prior mid-August low over a month ago. Thus, the index looked primed to turn on Friday as it first broke and then recovered back up through the August low.

 

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