3 min readNASDAQ (NDX):
Following a strong week of optimism for the U.S. economy after Trump’s inauguration, the NASDAQ continues to gain momentum and trade higher, currently just below $22,000.
A closer analysis of the technicals reveals that the price perfectly rebalanced from the 50% level on the Fibonacci tool, which also aligned with an internal demand zone and the daily 50 EMA. Additionally, as shown below, once the price broke above the descending trend line, it gained momentum and continued to move higher.
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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.
