A transition from a Fed “dovish pivot” to a “normalization” pivot may put a halt to this year-end seasonal “Santa Rally” on the US stock indices. Nasdaq 100 momentum and market breadth have weakened which supports a potential medium-term (multi-week) corrective decline sequence. Watch the 20,790 downside trigger level of the Nasdaq 100. The Nasdaq […]
The post Nasdaq 100 Technical: At Risk of Staging a Multi-Week Corrective Decline appeared first on Action Forex.