3 min readNASDAQ (NDX):
NASDAQ continues to experience downward pressure, with the price currently trading below $21,000. I am curious to see how the market reacts to this resistance area, as these levels have been respected in the past.
Examining the technicals more closely, it is evident that the price could potentially decline further, moving into additional support zones below. Notably, the daily 50 EMA is positioned slightly beneath the current price, aligning with the 50% retracement level on the Fibonacci tool. Additionally, the RSI indicator suggests that the price is neither overbought nor oversold at the moment.
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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.
