Yesterday's technical pullback had been coming. But with this stock index recovering at the time of writing, bulls are hoping for seasonal factors, namely a "Santa Rally" and the annual gains that typically accompany a US Presidential Election year, to push the NQ100_m beyond 17,000!
The last six days have been a choppy affair for the NQ100_m with prices trading in a downward-sloping range on the daily charts. However, we see a bullish flag formation in play after the initial rally from August 25th.
Yesterday's technical pullback had been coming. But with this stock index recovering at the time of writing, bulls are hoping for seasonal factors, na...
NQ100m
Nasdaq 100
indices
Federal Reserve
artificial intelligence
Election
The last six days have been a choppy affair for the NQ100_m with prices trading in a downward-sloping range on the daily charts. However, we see a bul...
Nasdaq 100
SMA
Federal Reserve
tech stocks
Technical Analysis
Loading...
We value your privacy
We use cookies to give you the best-possible experience on our site and serve you personalised content. Click “Sounds good” to agree to our Cookie Policy.