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Nasdaq Tumbles Below Key Technical Support

The brief respite bounce after Europe closed has failed and US equity markets are tumbling once again.

Nasdaq is leading the drop...


With FANG Stocks erasing all the post-NFLX earnings gains...


S&P is near its 50-day moving average and Nasdaq just broke below its 50-day moving-average for the first time in over a month...


And Nasdaq VIX is back above 18.