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Nasdaq Composite Technical Analysis

On the daily chart below, we can see that recently the price broke out of the key 12284 resistance but failed to keep up with the momentum as last Friday the University of Michigan report missed expectations across the board and the long-term inflation expectations surprised with a big jump. Fed Chair Powell once mentioned that they consider those expectations, so the market reacted accordingly. The price fell back below the resistance and it’s now retesting the top of the previous range. Will w... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: May 15 2023, 10:16

Author Name: forexlive

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