Nasdaq's 14,000 support line holding so far
Despite all talk of aggressive tightening, US stocks including the tech-heavy Nasdaq is holding firmly. For the 4th session, buyers haven't hesitated to jump in to buy the dip every time the Index has dropped below the 14,000 level, representing a 15% drop year-to-date.
Strong earnings are making it difficult for the bears, and technicals are signaling the index is willing to retest the 14,400 resistance before making any leg lower (if any).
Despite all talk of aggressive tightening, US stocks including the tech-heavy Nasdaq is holding firmly. For the 4th session, buyers haven't hesitated to jump in to buy the dip every time the Index has dropped below the 14,000 level, representing a 15% drop year-to-date.
Strong earnings are making it difficult for the bears, and technicals are signaling the index is willing to retest the 14,400 resistance before making any leg lower (if any).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.