Nasdaq is the canary in the coal mine. It peaked in August and now is showing the strongest rejection of lower prices.
Volatility will likely remain elevated ahead of the US elections but we are watching Nasdaq for signs of recovery.
First level to overcome is 7000 - that would be the first sign of a change and longs emerging.
Volatility will likely remain elevated ahead of the US elections but we are watching Nasdaq for signs of recovery.
First level to overcome is 7000 - that would be the first sign of a change and longs emerging.
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Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.