The 4h chart of the Nasdaq100 could be approaching an overbought level, where the 50.00 Fibonacci retracement, a large technical NDX structure resistance area and diagonal trendline could become the chart technical points for a sell-signal drifting lower off overbought levels.
Particular attention required for the Treasuries yield curve inversion and consistent SELL-OFF of the 6month-1Y-2Y Treasuries, reasonable to expect a steepening in Dollar money market interest rates. That could become a factor for Nasdaq to sell off.
Particular attention required for the Treasuries yield curve inversion and consistent SELL-OFF of the 6month-1Y-2Y Treasuries, reasonable to expect a steepening in Dollar money market interest rates. That could become a factor for Nasdaq to sell off.
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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.