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Nasdaq Composite Technical Analysis

The Nasdaq Composite is brushing aside the risk of higher interest rates as the strong US economic data coupled with a slow disinflation is giving the market soft landing vibes. Not even hawkish comments from Fed Chair Powell pointing to possibly more than two rate hikes could bring the Nasdaq Composite down. We may keep on seeing dips being bought as long as the US data doesn’t point to a recession. This trading week is shortened as the market will close early today and remain closed tomorrow f... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: Jul 3 2023, 12:03

Author Name: forexlive

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