3 min readNASDAQ (NDX):
NASDAQ has been an interesting market to watch recently. Currently, the price is trading just above $19,500.00, and unlike the S&P 500, it hasn’t made any progress toward new all-time highs. This indicates a clear divergence between the two indices. Viewing current price action with a short bias, it’s evident that we are trading within a supply zone currently.
Looking more closely at the technicals, it appears we are currently stuck within an ascending bullish channel, with the potential to move in either direction before continuing higher or lower. The RSI indicator shows no clear signs of the price being overbought. If we trade lower, I’ll be interested to see how the price responds to the ascending trend line.
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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.
