Nasdaq: Trump brings the index down
American are still ongoing presidential, but judging from those that are temporary results Trump appears to be in the lead.
The US stock markets price the news with breakout of important levels of short-term support.
Analyzing the NASDAQ, we can witness the breaking of the support area in 4680-4700, an important area for the mid-term trading and the maximum year 2015.
The price also goes to cut the moving average 100 periods, providing a good indication of bearish strength.
If the price action were to continue as we have seen so far, the chances of seeing new descents should be to consolidate, and the 4,700 area would represent an excellent opportunity for the input of new sellers.
The US stock markets price the news with breakout of important levels of short-term support.
Analyzing the NASDAQ, we can witness the breaking of the support area in 4680-4700, an important area for the mid-term trading and the maximum year 2015.
The price also goes to cut the moving average 100 periods, providing a good indication of bearish strength.
If the price action were to continue as we have seen so far, the chances of seeing new descents should be to consolidate, and the 4,700 area would represent an excellent opportunity for the input of new sellers.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.