US 100 Cash CFD
Короткая

NASDAQ Overbought: Signs of Sellers Starting to Pressure

The NASDAQ index is currently treading in overbought territory, with its RSI on a 1D chart exceeding 80, indicating a potential reversal. Over the past two days, there's been a noticeable weakening of buying pressure coupled with an uptick in selling activity. I am expecting a breakthrough below the accumulation zone of 17362-17304 in the coming days. This could be followed by a retest of this zone and a potential drop towards the 16969 level, or even down to 16781.

Interestingly, recent positive economic data from the US hints at a strengthening dollar. However, I believe a key driver for a NASDAQ correction could be the upcoming earnings reports from tech giants. There's a specific focus on companies like TSLA, where earnings might not meet the high market expectations, potentially serving as a catalyst for the anticipated correction.
Fundamental AnalysisTrend Analysis

🌟 Navigating the nexus of CeDeFi & AI | 💡 Innovator & Advocate | 🚀 Pushing the boundaries of finance & technology | 🤖 Exploring AI's t.me/CeDeFiAi
Мои профили:

Отказ от ответственности