So Nasdaq is playing the downward trend.
Having recovered from it's June lows, it has renewed its downward trend after making an August high at 13000s. Now it is going to retest its June lows again given that main street is still stricken with the fear of recession, and this will probably effect the heavyweights of the Tech100 significantly.
My next target for Nasdaq is 11000s.
For a more detailed discussion, feel free to reach out.
Having recovered from it's June lows, it has renewed its downward trend after making an August high at 13000s. Now it is going to retest its June lows again given that main street is still stricken with the fear of recession, and this will probably effect the heavyweights of the Tech100 significantly.
My next target for Nasdaq is 11000s.
For a more detailed discussion, feel free to reach out.
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Related publications
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.