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Nasdaq Composite Technical Analysis

On the daily chart below for the Nasdaq, we can see that the price is breaking above the key 12274 resistance, but the question now is whether or not the buyers will be able to sustain it. The recent economic data has been giving conflicting signals, but the market seems to be leaning on the goldilocks scenario where the labour market remains resilient as shown by the strong NFP report recently and inflation slowly moderates towards the target as shown by the recent CPI coming in at 4.9% Y/Y. Th... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: May 12 2023, 10:59

Author Name: forexlive

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