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NASDAQ index of traits to a new session high and approaches a key technical target

The NASDAQ index is moving to a new session high. The price reached 12398.85. The current price is up 32 points or 0.26% at 12397.19.The move to the upside has the pair moving closer to a key retracement target at 12427.97. That level represents the 38.2% retracement of the move down from the all-time high going back to November 22, 2021.Getting above the 38.2% retracement is the minimum retracement that would give buyers more confidence. Absent that, the corrective move is simply a plain-vanill... Read More

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Content Topics

Nasdaq

Index

Traits

Session

High

Approaches

Technical

Target

Forex

Posted: May 16 2023, 16:02

Author Name: forexlive

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