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EconomicsGlobal

Nasdaq Death Cross Formed - EG

US Composite Index (TVC:IXIC)  
EconomicsGlobal Updated   
TVC:IXIC   US Composite Index
Technical Indicators Moving Averages Chart Patterns
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indicator movingaverage chartpattern
A death cross formed on the Nasdaq IXIC early this week. Still too early to tell which way the wind is blowing; Clearer signals after #G20
Comment:
As the trade war is put on hold for now, it appears that there is room for a short-term "Santa-Rally" for the Nasdaq. However, with a death cross formed, the technical setup does not look too reassuring.

With growth slowing into the next year, the Nasdaq will be impacted by slowing macro and company specific fundamentals going forward in 2019.
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