Technical Tuesday – Weak Bounces Ahead of the Fed
July 30, 2024 at 08:39 AM EDT
This is just sad: As you can see, the Nasdaq 100 has now failed the Weak Bounce Line (19,200) Thursday and yesterday and, as you can also see – we stopped dead (as in cat) at the declining 50-half hour (not actually a thing) moving average, which is very very weak technical resistance – AND […] Source