USTEC neutral

Turn-of-the-month effect and Nasdaq

25 april 2022 91
Konstantin_Kochkin
Konstantin_Kochkin

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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On the one hand, in the graph it can be noted that the Nasdaq broke through the 13500 support and continues declining to 13000 level.

 

On the other hand, April is ending, saying about the turn-of-the-month effect. And theoretically, by the close of the trading day on May 6, the index could return to the 13300 - 13500 area.

 

We will find out, which of the scenarios will be realized within two weeks.

Konstantin_Kochkin
Konstantin_Kochkin

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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