The NASDAQ index moved to a low of 19143.64. That was down over 300 points on the day and in the process has moved within a swing area defined by recent swing lows of swing highs between 19119 and 19208 . A move below that area would open the door for further selling technically (see renumbered circles on the chart above).
The University of Michigan sentiment index came in a little weaker than expected but the one-year inflation expectations rose to 3.3% from 2.9% last month. The five-year inflation also ticked higher to 3.3% from 3.1%.
That scared has the NASDAQ Dow down -378 points or -1.99% at 19091. That is breaking below the low of the aforementioned swing area.
10 year yield is higher but let at its highest level. It currently is trading at 4.763% up 8.2 basis points. The two year yield is up nine basis points at 4.351%
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about nasdaq moves down into swing area target was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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