Nasdaq moved below the 50-day MA on relatively big volume as investors' risk aversion increased on rising geopolitical risks. Yet the chart for the NQ looks bearing for the short-term. We expect short fluctuations to the upper side. However, we recommend to sell during the up-movements as we believe that the positive news is exhausted for now.
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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.