Equity Market Observation 29.09.22
Nasdaq Index

equity_market_observation_featured

Nasdaq has tested our support level at 11,000 and looks like it wont be long before breaking, will it hit the 78.6% Fibo level around 9000, short term bear-market rally seems weak and lack of momentum, first target is 61.8% Fibo around 10,500 which has been our second long term target, overall a break of 10,500 technical target is 9000.

*Market Observations are NOT trading recommendations*

Connect with SGT Markets

Follow us for the latest news & insights

Related Articles

sgt_markets_tradingguide_ledger

Ledger in the Crypto World: An In-depth Explanation

sgt_chartbook

SGT Chart Book

sgt_markets_tradingguide_support_resistance

How to Utilize the Fear Greed Index in Trading

sgt_chartbook

SGT Chart Book

sgt_markets_tradingguide_support_resistance

Introduction to Support and Resistance in Trading

sgt_markets_observations_tony_060224

With the price of Cocoa still on the rise, it looks like the wife will not getting a box of chocolates on Valentines Day!

sgt_chartbook

SGT Chart Book

sgt_markets_tradingguide_stellarlumens

Stellar Lumens (XLM): A Complete Guide

sgt_chartbook

SGT Chart Book

sgt_markets_tradingguide_bitcoin_halving

Bitcoin Halving: A Definitive Guide to the Most Anticipated Event in Crypto

sgt_chartbook

SGT Chart Book

sgt_markets_observations_tony_160124

So, there you have it – buy on the rumour, sell on the fact!