NASDAQ

By Mariya Markova

NASDAQ Composite

, 1 day

short

#Technical

#Bearish

Range

Resistance 1 16206.69
Quote Price 15885.02
Support 1 15453.35
Support 2 15162.88
Support 3 14477.19

On the daily chart, we can see that the Nasdaq Composite sold off into the first key support level at 15929 following the hot US Retail Sales and the geopolitical news. This is where we can expect the buyers to step in with a defined risk below the level to position for a rally into a new all-time high. The sellers, on the other hand, will want to see the price breaking lower to increase the bearish bets into the next support at 15453.