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Nasdaq may slide as fear is still there
US Tech 100 CFD
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Nasdaq may slide as fear is still there
Oleh Stanislav_Bernukhov_Exness
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16 Agu
1
16 Agu
The Nasdaq index had tested the psychological level of 19500: the area above the 50% retracement from the latest downswing.
Market breadth remains relatively poor, along with the strength of the market (though, the momentum off the lows was quite good).
So, it volatility pops up, it's possible to observe a big distribution day with a possible continuation of a downside move up to 18000 or deeper.
Always DYOR and manage your risk!
Chart Patterns
Technical Indicators
Trend Analysis
Stanislav_Bernukhov_Exness
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