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Nasdaq is trying hard, but sellers are too strong

07 june 2022 51
Ivan__Titov
Ivan__Titov

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3rd in the segment "Indices"
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Nasdaq index has bounced up by more than 12% from the minimum of May 20. After such an impressive rise, there were many people who wanted to fix the profits, especially since the further growth is hindered by the important level of 13000 - the minimum of February and March 2022. The harami cross that has appeared demonstrates the indecision of traders, and uncertainty in the market almost always plays into the sellers' hands.

 

Seeing that the Nasdaq is lacking power to grow, the bears can test the level of 12 300 for strength. If it does not keep balance, the goal will be 11 900

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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