NASDAQ: Core CPI Jumped to 6.3%, Bearish Outlook Ahead?
Hello Fellow Investor/Trader, Here's a Technical outlook of NASDAQ!
NASDAQ has broken out of Ascending Broadening Wedge and retested the previous support area. Furthermore, The Stochastic indicator also made a Death Cross, indicating potential bearish movement ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NASDAQ"
NASDAQ has broken out of Ascending Broadening Wedge and retested the previous support area. Furthermore, The Stochastic indicator also made a Death Cross, indicating potential bearish movement ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NASDAQ"
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Comment:
Target 1 Achieved, See ya in the next target!
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