• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

NASDAQ May Have a Mini-Correction Before New Highs

December 31, 2020
in ANALYSIS, DAILY UPDATES, Home, Indices, MARKETS, Technical Analysis
Reading Time: 1min read
A A
Nasdaq
0
SHARES
6
VIEWS
tweetpostshare
Nasdaq Daily Chart
Nasdaq Daily Chart

Nasdaq Index is contracting in a form of a bearish wedge formation. A possible mini correction may be in play at the start of 2021. This year, the Covid-19 crisis in March caused a near %30 percent fall. September’s correction was around %14. If the price falls below 12.750 and breaks the lower line, 12.215 can be a good support for upward reversal. This level is around %5.5 below the current top which is in line near half-size corrections that happened this year. Of course, this downward move may not happen and stocks may immediately begin to rise with new year’s optimism.

Learn more about us

Tags: Dow jonesNasdaqsp500
TweetShareShareSend
Previous Post

Thursday, December 31, 2020 Headlines

Next Post

Gold is Breaking the Bullish Flag

Related Posts

USDJPY is Testing The 106.00 Resistance
MARKETS

USDJPY May be Getting Ready for a Bullish Turn

Tuesday, November 3, 2020 Headlines
DAILY UPDATES

Thursday, April 15, 2021 Headlines

GBPUSD's technical analysis
MARKETS

GBPUSD Found Support from the 100-Day Moving Average

Tuesday, November 3, 2020 Headlines
DAILY UPDATES

Wednesday, April 14, 2021 Headlines

eurusd technical analysis
MARKETS

EURUSD Outlook Ahead of the US CPI Data

Tuesday, November 3, 2020 Headlines
DAILY UPDATES

Tuesday, April 13, 2021 Headlines

Next Post
Gold is Breaking the Bullish Flag

Gold is Breaking the Bullish Flag

You might also like

USDJPY is Testing The 106.00 Resistance

USDJPY May be Getting Ready for a Bullish Turn

Tuesday, November 3, 2020 Headlines

Thursday, April 15, 2021 Headlines

GBPUSD's technical analysis

GBPUSD Found Support from the 100-Day Moving Average

Tuesday, November 3, 2020 Headlines

Wednesday, April 14, 2021 Headlines

eurusd technical analysis

EURUSD Outlook Ahead of the US CPI Data

Tuesday, November 3, 2020 Headlines

Tuesday, April 13, 2021 Headlines

Recent Posts

  • USDJPY May be Getting Ready for a Bullish Turn
  • Thursday, April 15, 2021 Headlines
  • GBPUSD Found Support from the 100-Day Moving Average
  • Wednesday, April 14, 2021 Headlines
  • EURUSD Outlook Ahead of the US CPI Data
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • USDJPY May be Getting Ready for a Bullish Turn
  • Thursday, April 15, 2021 Headlines
  • GBPUSD Found Support from the 100-Day Moving Average

Subscribe to our newsletter and get notified about the next update.

    © 2020 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2020 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.