3 min readNASDAQ (NDX):
Nasdaq continues to struggle in reaching new all-time highs (ATHs). It is currently trading just above $20,000 but remains stuck within a key resistance zone, unable to break through and gain upward momentum.
Looking more closely at the technicals, it’s clear that we have an internal ascending trend line, along with the daily 50 EMA, which could serve as support if the price moves lower. The RSI indicator doesn’t suggest that the current move is “overbought” at this point. I’ll be closely monitoring the price action, particularly how it responds if we manage to trade into new all-time highs (ATHs).
Author
Risk Disclaimer Disclaimer: The information provided does not constitute, in any way, a solicitation or inducement to buy or sell any of our products.
Any material presented under this section of our website is not intended and should not be considered investment research or investment advice. Any Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. The recipient acknowledges that he/she is solely responsible for any trading decisions taken.
Risk warning: Our products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. If you do not understand the risks involved, or if you have any questions regarding our products, you should seek independent financial and/or legal advice if necessary. Past performance of a financial product does not prejudge in any way their future performance.
