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Nasdaq Composite Technical Analysis - The bears are eyeing the 12274 support

Last week, the risk sentiment started on a positive note at the beginning of the week due to the lack of a ground offensive in Gaza. Unfortunately, things went south from Wednesday onwards as Israeli PM Netanyahu delivered a speech where he said that they were preparing for a ground invasion. Moreover, the US Jobless Claims data on Thursday showed another big miss in Continuing Claims, which might be an indication that the labour market is weakening. On Friday, the risk sentiment deteriorated fu... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Bears

Eyeing

12274

Support

Forex

Posted: Oct 30 2023, 12:09

Author Name: forexlive

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