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Nasdaq Composite Technical Analysis - Pullback or the start of a rally?

Nasdaq Composite Technical Analysis - Pullback or the start of a rally?
Last week, the market remained under pressure as the more hawkish than expected FOMC dot plot was still fresh in everyone's mind. The economic data continues to support the soft-landing narrative with Jobless Claims showing a solid labour market and Core PCE trending downwards. The last day of the week, we got a small bounce across the board as the market took a breather after the heavy selloff after the FOMC meeting. We will see if it was just a pullback or the start of a new rally.Nasdaq Compo... Read More
Posted: Oct 2 2023, 11:00
Author Name: forexlive
Views: 113095

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