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NASDAQ index trades down over 1%. Approaches a key short-term support area.

The NASDAQ index is the worst performer of the major indices with a decline of now over 1%. The move to the downside has now taken the price to a key support area. That support area is defined by the:100 hour moving average at 13379.32 (see blue line on the chart above), andA key swing area between 13364.74 and 13382.98 (see red numbered circles and yellow area on the chart above)This area will be a key barometer for traders in the short-term. Hold support (dip buyers enter here) and a rotation... Read More

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Content Topics

Nasdaq

Index

Trades

Down

Over

Approaches

Short

Term

Support

Short term

Forex

Posted: Oct 18 2023, 15:01

Author Name: forexlive

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