The NASDAQ100 has turned the corner after coming under pressure due to a hawkish Federal Reserve at last week’s FOMC meeting minutes. The Index was able to rebound from 14,550 following last week’s sell-off and has gone on to maintain a perfect inverse head and shoulder pattern.
With a clear break of the neckline at 14,730, we could be in for the beginning of another bullish run if we have a clear break above 14,800. This week, investors will keep an eye on Fed Chair Jerome Powell’s comments at the Jackson Hole symposium and Nvidia’s quarterly report
With a clear break of the neckline at 14,730, we could be in for the beginning of another bullish run if we have a clear break above 14,800. This week, investors will keep an eye on Fed Chair Jerome Powell’s comments at the Jackson Hole symposium and Nvidia’s quarterly report
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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.