empty
 
 
11.12.2019 07:26 AM
NASDAQ before the Fed

Good morning all,

The Nasdaq is trading now at 8359, a rough 1% away from ATH, we can anticipate kind of a traingle being formed during last 8 sessions.

This image is no longer relevant

There's a curiosity, MM8 is crossing to the downside MM21 (bearish signal) but the price is above them all: I was not able to find another similar situation in past 2 years after a mid term rally.

The results of the Fed's meeting may spark volatility later in the day, watch out the price range 8320 / 8385. Be careful with false breaks and next targets would be 8270 to the downside, 8410 to the upside.

Stay safe

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback