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Nasdaq Technical Analysis

On the daily chart below for the Nasdaq, we can see that the market keeps on trying to break above the key 12274 resistance level but till now without much success. The strong NFP report on Friday gave the market soft landing vibes due to an expected moderation in inflation, a resilient labour market and a Fed expected to pause in June and cut interest rates by the end of the year. The buyers are still targeting the 13000 level, which is the extension of the big bullish flag created in February... Read More

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Nasdaq

Technical

Analysis

Forex

Posted: May 8 2023, 11:38

Author Name: forexlive

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