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Nasdaq Composite Technical Analysis

On the daily chart below for the Nasdaq, we can see that the market consolidated just below the key 12274 resistance. The moving averages are still crossed to the upside keeping the bullish trend intact, but they are starting to converge as the rangebound price action has been going on for almost a month now. The latest economic data are not supportive for the bulls as the US Retail Sales missed expectations across the board and the Jobless Claims keep showing increases week after week. Today th... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: Apr 21 2023, 10:11

Author Name: forexlive

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