Buyers Step in at Trendline Support, Nasdaq and S&P 500 Remain Below Breakout Support

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 68 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 62%
  • Publisher: 53%

Finance News

Trading,Buyers,Trendline Support

Friday's trading showed that buyers have stepped in at the trendline support, but the Nasdaq and S&P 500 are still below breakout support. The Russell 2000 continues its move-off support, while the Nasdaq and S&P 500 may present a short opportunity if they reach trendline resistance.

There wasn't much volume to Friday's trading, but there was enough to determine that buyers have stepped in at the trendline support in theThe Nasdaq recovered some of Friday's losses but remains a long way from challenging the 'bull trap' and is below breakout support. The index continues to underperform theThe S&P 500 similarly remains below trendline support when Friday's gain failed to recover this support.

Today's lead will be the Russell 2000 continuing its move-off support. But, if this fails after the first half-hour of trading, then look to the Nasdaq and S&P 500 for a short opportunity, particularly if these indexes make it to trendline resistance .Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in COİN

Coin Coin Latest News, Coin Coin Headlines