Market Analysis of NSDQ on Wednesday 16 August 2023

2023-08-16 12:30Fonte:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW     

 NSDQ  is running in negative  trend  . Wave 1 and wave 2 completed and wave 3 or wave c is going on presently and it is looking for 14917 target  .Stop loss is 15390 and   it can fall directly for 14917 target in form of wave c or wave 3 shown on graph. Immediate resistance are 15160 to 15285 levels marked by red box in graph.Inner calculations looking for sharp 14955 below and stop loss is 15270.

 QUICK FUNDAMENTAL LOOK                                                                     

US stock market: S&P 500, Dow end lower; strong retail sales stoke interest rate worries.Banks saw the brunt of the selling as investors grew more anxious about interest rates. The U.S. Treasury yield curve has been inverted for over a year, with longer-term bonds...

 POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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