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Nasdaq Composite Technical Analysis - Will this support hold?

Last Friday, the market sold off as the University of Michigan Consumer Sentiment report saw a big miss across the board with the inflation expectations figures spiking back up. This might be a signal that the consumers are indeed weakening, and it could be a bad omen for the broad market. Moreover, we got some defensive positioning into the weekend as there were some expectations that Israel could start a ground offensive in Gaza and that could have led Iran to join Hamas with uglier scenarios... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Will

This

Support

Hold

Forex

Posted: Oct 16 2023, 11:04

Author Name: forexlive

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