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Nasdaq Composite Technical Analysis - Watch out for these bullish signs
The Nasdaq Composite seems to be bottoming out as the US data continues to support the soft landing narrative with Jobless Claims last week beating once again expectations and the ISM Manufacturing PMI yesterday showing signs of rebounding. The fears of a hawkish Fed might be put aside if the economy remains resilient and the labour market doesn’t deteriorate too much. Nasdaq Composite Technical Analysis – Daily TimeframeOn the daily chart, we can see that the Nasdaq Composite rallied back above...
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Posted: Oct 3 2023, 11:58
Author Name: forexlive
Views: 113043