Nasdaq traded sideways on Wednesday, a "doji" day as seen on the daily chart, with closing price right at key level (2740) for Thursday.
-- Bullish above 2740, with first resistance at 2760-2765.
-- Bearish below 2740, with first support zone at 2720.
It would need a an extreme market internals to break out of the first support and resistance zone.
Currency wars is intensifying. Here below is the daily chart of the Japanese yen. Those who did not exited their long yen position in time is now toast.
The Eurozone countries is now preparing to push their Euro currency down. Their action should push the US$ upward and push the US stock market downward.
The Eurozone countries is now preparing to push their Euro currency down. Their action should push the US$ upward and push the US stock market downward.
