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Price Alert: DAX, NASDAQ down 2% on Central Bank Confusion

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Price Alert: DAX, NASDAQ down 2% on Central Bank Confusion

Introduction

This article was posted on Thursday, 19:01, UTC.

The major global stock indices are down significantly today, as the apparent “under-the-hood” weakness that we have been monitoring previously finally turned into broad price weakness, on the monetary tightening plans of the ECB and the FED. The NASDADQ’s flash crash two weeks ago was the first tremor, and now the tech index broke the lows, and it’s now testing the long-term trendline. DAX, 1-Hour Chart Analysis The Euro’s strength already weighed heavily on the DAX, and it’s now reached the 12,375-12,500 support range that we have pointed out recently. The S&P 500 is close to triggering our trade recommendation…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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