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22/05/2022

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22/05/2022

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Last Friday’s session NASDAQ composite index advanced 434.04 points. This is the 10th highest point gain of the index of all time. The total shares traded for the NASDAQ was over 5.73 billion. Given the history of bear markets, coupled with the fact that the Fed has just begun its rate hike cycle and would like to see financial conditions continue to tighten so that demand pulls back further, this rally will most likely weaken.

The MACD indicator has become closer, and bollinger band becoming narrow, so we expect the NASDAQ composite index will keep fluctuates in the next few days.

22/05/2022

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