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Nasdaq Composite Technical Analysis - "Make it or break it" moment for the index

The good news on the economy continues to be trumped by further tightening in financial conditions due to rising Treasury yields, and the tensions in the Middle East increasing. In fact, on a forward-looking basis, these events are likely to weigh on the economy further down the road, which is not a good thing for the market. Yesterday, the US Jobless Claims beat expectations once again but the Continuing Claims missed for a second time in a row, which might be signalling that laid off people ar... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Make

Break

Moment

Index

Forex

Posted: Oct 20 2023, 10:59

Author Name: forexlive

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