Nasdaq may slide as fear is still there
The Nasdaq index had tested the psychological level of 19500: the area above the 50% retracement from the latest downswing.
Market breadth remains relatively poor, along with the strength of the market (though, the momentum off the lows was quite good).
So, it volatility pops up, it's possible to observe a big distribution day with a possible continuation of a downside move up to 18000 or deeper.
Always DYOR and manage your risk!
Market breadth remains relatively poor, along with the strength of the market (though, the momentum off the lows was quite good).
So, it volatility pops up, it's possible to observe a big distribution day with a possible continuation of a downside move up to 18000 or deeper.
Always DYOR and manage your risk!
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