COMPQ Nasdaq Composite Weekly Chart; First Major Index Slipping Into -10% Correction

The COMPQ is the first major index to slip into a correction. The Nazzy Comp falls from 8133 to 7274, an 859-point drop, -10.6%, placing the COMPQ in correction territory. Price is trying to recover on Friday, 10/12/18.

A -10% correction off the 8133 top is 7320 so this is the correction line. Price rallies about 100 points back above 7320. Tech stocks do not want to remain in correction mode. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 4:15 PM: The COMPQ recovers late in the Friday session ending the week at 7497 only spending one day in correction territory. The 200-day MA is at 7503 so the bulls needed another 6 points to regain this key level. COMPQ will bounce or die from 7497-7503 on Monday.