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New lows for the Nasdaq. Apple looks toward 2022 lows for the year

New lows for the Nasdaq. Apple looks toward 2022 lows for the year

The NASDAQ index is working on its fourth straight day to the downside. The high price on December 13 reached 11571.64. The low price just reached 10560.55. That's a decline of -8.77% from the high five days ago. The index is working on its fourth consecutive down day.

On December 13 (the CPI day in the US), the price extended above its 100 day moving average (blue line in the chart above), but could not sustain momentum. As a result, buyers turn to sellers and the price has been trend... Read More

Posted: Dec 19 2022, 16:43
Author Name: forexlive
Views: 110845

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