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Nasdaq Composite Technical Analysis

On the daily chart below for the Nasdaq, we can see that we have finally got a breakout. This 12274 level has been a really tough nut to crack, but the buyers eventually succeeded. We can see how they’ve been knocking on that door for over a month and as soon as the price started to run to the upside, sellers folded quickly. The risk sentiment was also helped by the recent positive news on the debt ceiling front which points to a classic “buy the rumour” type of trade. Right now, the buyers don’... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: May 19 2023, 10:02

Author Name: forexlive

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