3 min readNASDAQ (NDX):
Nasdaq continues to struggle in reaching new all-time highs (ATHs). It is currently trading just above $20,000 but remains stuck within a key resistance zone, unable to break through and gain upward momentum.
Looking more closely at the technicals, it’s clear that we have an internal ascending trend line, along with the daily 50 EMA, which could serve as support if the price moves lower. The RSI indicator doesn’t suggest that the current move is “overbought” at this point. I’ll be closely monitoring the price action, particularly how it responds if we manage to trade into new all-time highs (ATHs).
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
