NASDAQ Moves On An Important Support Point

08-Jun-2020 Mon 12:00 AM
NASDAQ Moves On An Important Support Point

With the second wave concerns about the epidemic beginning to be priced in the markets, Nasdaq, which started the new week with a sharp decline, is holding above the 9370 level. In H4, the point where the 200-day moving average pass is followed as the level of technical support. Passing this level down can have an effect that speeds up sales. For the index, which broke the bullish trend down last week, 9500-9600 levels may stand out as resistance points in possible reaction purchases. As long as it does not exceed 9700 in the medium term, rises are considered as an opportunity to sell. New York FED Manufacturing Index data to be announced during the day can be monitored.

 


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