Nasdaq Technical Analysis – Road clear for a new all-time high? ...Middle East

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Nasdaq Technical Analysis – Road clear for a new all-time high?
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Fundamental OverviewThe Nasdaq has been on a steady decline since the last US CPI report on July 11th. In the first stages of the pullback, we’ve been seeing a rotation from big cap stocks into small cap stocks as the Russell 2000 displayed an opposite price action. Eventually, the bearish momentum picked up and we saw a more aggressive decline with the index falling by 10%. A good argument has been that most of the moves we’ve been seeing were driven by deleveraging from strengthening Yen. Basically, the squeeze on the carry trades impacted all the other markets. Given the magnitude of the recent appreciation in the Yen and the correlation with many other markets, it looks like this could h

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