Underwhelming results from Tesla and Alphabet painted the equity markets in the red yesterday. The S&P500 experienced its worst selloff since December 2022 with a 2.30% drop. It tested its 50-DMA (near 5428) to the downside. Nasdaq 100 tumbled 3.65% and sank below its own 50-DMA. Tesla dived more than 12% on earnings miss and […]
Recent rapid gains seen in the Nikkei 225 are likely to be attributed to the highly anticipated positive outcome of Japan’s annual wage negotiations results. The expected increase in wage growth for FY 2024/2025 may have already been fully priced in by the Japanese stock market. Recent bearish elements sighted in the US S&P 500 […]
The post Nikkei 225 Technical: At Risk of Shaping a Multi-Week Corrective Decline appeared first on Action Forex.
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