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Nasdaq Composite Technical Analysis

On the daily chart below, we can see that after struggling to break the key 12274 resistance and consolidating just beneath it, the price started to fall as the US retail sales data missed expectations, jobless claims kept on deteriorating and early in the week the issues with the First Republic Bank sent the market into risk off. Everything seemed to line up perfectly for the sellers until yesterday when the US GDP report showed a stronger than expected economy under the hood as consumer spendi... Read More

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Nasdaq

Composite

Technical

Analysis

Forex

Posted: Apr 28 2023, 08:17

Author Name: forexlive

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