NASDAQ long term projection
Fundamental Reason:
Rate hike, inflation , rising price oil , recession
Technical Reason:
downtrend structure which showing a series of lower highs and lower lows
1st Target 4200 (Resistance become support)
2nd Target 2024 (Trendline confluence)
Holding style: Weekly/Monthly basis
Rate hike, inflation , rising price oil , recession
Technical Reason:
downtrend structure which showing a series of lower highs and lower lows
1st Target 4200 (Resistance become support)
2nd Target 2024 (Trendline confluence)
Holding style: Weekly/Monthly basis
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.