NASDAQ composite - expect the drop to the 2018 low
Following the SPX and DJI, the Us tech 100 composite is expected to drop to the 2018 low.
Pandemic news strike the global markets on a daily basis now, over 200 k persons infected by the COVID-19 virus, curve still in uptrend.
Even with the Fed implications and low to zero interest rates, we expect further downside continuation for the US Indexes.
With over 300 million citizens, the US is now at the beginning of the infected growth having the potential of ruching the Europe numbers.
The shorts on the US100 tech index are active, with the price target of 6000.
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Pandemic news strike the global markets on a daily basis now, over 200 k persons infected by the COVID-19 virus, curve still in uptrend.
Even with the Fed implications and low to zero interest rates, we expect further downside continuation for the US Indexes.
With over 300 million citizens, the US is now at the beginning of the infected growth having the potential of ruching the Europe numbers.
The shorts on the US100 tech index are active, with the price target of 6000.
Traders, if you find this idea relevant support us with a like and comment your view on the subject. Don't miss the latest fundamental updates by following the post.
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