NASDAQ Composite
, 1 day
long
#Technical
#Consolidation
| Resistance 1 | 16500.0 |
|---|---|
| Quote Price | 16442.20 |
| Support 1 | 16206.69 |
| Support 2 | 15453.35 |
- On the daily chart, we can see that the Nasdaq Composite has been consolidating around the 16206 level for over a month and despite another hot US CPI, the price couldn’t make new lows. This could be a signal that the market is more likely to break to the upside and print new all-time highs.
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