USTEC neutral

The next step by Nasdaq

17 march 2022 84
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
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The Nasdaq index, like its S&P 500 counterpart, is developing a bounce after forming a "bullish engulfing" at the minimums of the year.


The breakdown of the downtrend has taken place and now the near-term for Nasdaq will be determined. In case of growth, the resistance level is 14 400. In case of decline, the brokendown trend line may be a support if the "bears" try to seize the initiative.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Agricultural commodities"
2nd in the segments "Indices", "US stocks" and "Oil and gas"
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