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Nasdaq 100 Technical: Risk of a Medium-Term Blow-off Top

Nasdaq 100 Technical: Risk of a Medium-Term Blow-off Top
Yesterday’s price action of Nasdaq 100 has reintegrated back below the upper limit of the “Ascending Wedge” with a bearish breakdown below its daily RSI momentum indicator. Short-term momentum is still bearish as the Index has broken below the 20-day moving average which has also turned flat. 14,980 is the key short-term resistance to watch. […] The post Nasdaq 100 Technical: Risk of a Medium-Term Blow-off Top appeared first on Action Forex... Read More
Posted: Jun 27 2023, 05:37
Author Name: actionforex
Views: 081099

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