Nasdaq 100: Temporary setback as long as holds above key supports at 11912/699 – Credit Suisse Nasdaq Equities Banks
Nasdaq 100 is correcting lower, but economists at Credit Suisse look for key supports at 11912/699 to hold.“Nasdaq 100 setback is likely to extend further to the key 63 and 200-day averages at 11912/699. We view this as a temporary setback as long as the market holds above here, with medium-term MACD momentum very close to turning outright positive”.
“Below 11912/699 would open up further weakness again within the Q4 2022 range, with the next level at 11550, then 11252/50.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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