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Market breadth measured by the percentage of Nasdaq 100 component stocks above their 20-day and 50-day moving averages remains lacklustre. An elevated widening trend of US high-yield corporate bonds credit spread may trigger another jump in the implied volatility of the Nasdaq 100. Key intermediate resistance stands at 19,290 on the Nasdaq 100. This is […]

The post Nasdaq 100 Technical Outlook: 12% Monster Rally May be a Bull Trap appeared first on Action Forex.

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05/12/2024

S&P 500 Wave Analysis

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