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Nasty day in the markets as the Nasdaq unravels following Nvidia earnings

The Nasdaq Composite is down to 2.0% but more than that, the chart is painting an ugly reversal after what started out as a spike.That's a bearish outside day and it's a negative signal. it also comes between the 50-61.8% retracement level of the July high to the Aug low. That's a typical spot for a rebound to fail and points lower.What's particularly troublesome is that it comes after a blockbuster report from Nvidia, which has undoutedly been the leader of the 2023 rally in the Nasdaq. The fou... Read More

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Content Topics

Nasty

Markets

Nasdaq

Unravels

Following

Nvidia

Earnings

Forex

Posted: Aug 24 2023, 19:45

Author Name: forexlive

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