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Nasdaq Composite Technical Analysis - Watch this key resistance

Nasdaq Composite Technical Analysis - Watch this key resistance
The selloff that started at the beginning of August is starting to show signs of weakness. Although nothing changed fundamentally, the Nasdaq Composite started to rise as the market was just probably overstretched. This looks more like a pullback as the miss in yesterday’s US PMIs doesn’t support the bullish case. Nasdaq Composite Technical Analysis – Daily TimeframeOn the daily chart, we can see that the Nasdaq Composite bounced from a key support level at 13174 and rallied back strongly into... Read More
Posted: Aug 24 2023, 11:54
Author Name: forexlive
Views: 111750

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