7 days ago • Posted by Ajmir Omid
#Nasdaq looks ready to test Oct lows $qqq #growth #rotation #trading
The Nasdaq has difficulties to find new buyers. Following recent news that all Fed members see a March rate liftoff as likely, the tech heavy index reversed early gains and is back to Monday levels. The price action since late December is quite bearish. The formation of lower lows and lower highs indicate a further selling pressure this morning and the index could very well find itself testing the lows of October.