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Nasdaq Composite Technical Analysis

On the daily chart below for the Nasdaq, we can see that after a brief fall below the range created just beneath the key 12274 resistance, the price rallied back strongly and it’s now back again at the resistance. The latest rally was helped by better than expected data in the US GDP report and the beat in Jobless Claims after several weeks of misses. The bad news though is that the ISM Manufacturing PMI yesterday beat forecasts and the inflation and employment sub-indexes returned back into exp... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: May 2 2023, 11:26

Author Name: forexlive

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