Interest rates are rising as a result of high inflation in the global economy.
But the risk of recession scares economies.
In the latest Fed rate decision statement, it was understood that if the US economy faced the risk of recession, the FED would abandon its aggressive monetary policy. After this news, we witnessed a sharp rise in the stock markets.
If we examine the Nasdaq exchange pricing the news feed in the market.
Monthly Maturity
After the Nasdaq stock market fell by about -30%, it received a strong reaction from the 11k price support. It closed the candles on a monthly basis above the previous month. In this case, it shows that the monthly maturity target of the price is higher. If the price exceeds the 13150 level, it may move into the shadow of sales. Recession in the global economy While there is a risk, the possibility of a new peak in the stock markets is very difficult.
Weekly Maturity
If we examine the chart in the weekly term; I expect the price to receive a downward response from the falling trend line. If the price starts to decrease, the important support points it will encounter are the 12200-11500 levels. It would be logical to trade at these levels in the direction of buying or to buy stocks from the stock market. If it continues to rise, 13500 weekly candle wicks significant resistance.
But the risk of recession scares economies.
In the latest Fed rate decision statement, it was understood that if the US economy faced the risk of recession, the FED would abandon its aggressive monetary policy. After this news, we witnessed a sharp rise in the stock markets.
If we examine the Nasdaq exchange pricing the news feed in the market.
Monthly Maturity
After the Nasdaq stock market fell by about -30%, it received a strong reaction from the 11k price support. It closed the candles on a monthly basis above the previous month. In this case, it shows that the monthly maturity target of the price is higher. If the price exceeds the 13150 level, it may move into the shadow of sales. Recession in the global economy While there is a risk, the possibility of a new peak in the stock markets is very difficult.
Weekly Maturity
If we examine the chart in the weekly term; I expect the price to receive a downward response from the falling trend line. If the price starts to decrease, the important support points it will encounter are the 12200-11500 levels. It would be logical to trade at these levels in the direction of buying or to buy stocks from the stock market. If it continues to rise, 13500 weekly candle wicks significant resistance.
