USTEC sell

Nasdaq is sinking under the negative pressure

24 february 2022 90
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
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Amid the extremely negative geopolitical situation and growing inflation, the Nasdaq index breaks one support after another down. The last attempt to bounce from 13 900 was put down by the “bearish engulfing”, within the current downward movement, the bottom has not obviously been identified.

 

The RSI is moving towards oversold but there is still some space for the “bearish” maneuver. The nearest significant level is 12 900, the minimum of May of the past year. Then, the levels of 12 500 and 12 250 can be tested.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
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