Market volatility has started to rise, indicating that the market is topping. On Tuesday NQ rallied back up to strong resistance, and again stalled at resistance.
It will need a sustained break above 2760-2765 to trigger a short-covering rally, and failure to do so implies another day of sideways consolidation or a trending down decline to Tuesday's low.
Resistance is 2760-2765,
Supports are 2740, 2720, 2700-2705.
Argentina Freezes Prices to Break Inflation Spiral
The price freeze applies to every product in all of the nation's largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies' trade group, representing 70 percent of the Argentine supermarket sector, reached the accord with Commerce Secretary Guillermo Moreno, the government's news agency Telam reported.
