The NASDAQ100 has turned the corner after coming under pressure due to a hawkish Federal Reserve at last week’s FOMC meeting minutes. The Index was able to rebound from 14,550 following last week’s sell-off and has gone on to maintain a perfect inverse head and shoulder pattern.
With a clear break of the neckline at 14,730, we could be in for the beginning of another bullish run if we have a clear break above 14,800. This week, investors will keep an eye on Fed Chair Jerome Powell’s comments at the Jackson Hole symposium and Nvidia’s quarterly report
With a clear break of the neckline at 14,730, we could be in for the beginning of another bullish run if we have a clear break above 14,800. This week, investors will keep an eye on Fed Chair Jerome Powell’s comments at the Jackson Hole symposium and Nvidia’s quarterly report
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