The Nasdaq has the potential to generate a technical sell signal
Angela Mangan
QMG Pty Ltd
The Nasdaq Composite index has the potential to generate a technical top formation, which is the requirement to generate a technical sell signal. Late last week the Dow Jones and S&P500 indices generated technical sell signals during consecutive trading sessions. It is an extremely negative technical indicator for the US market that two key indices generated sell signals in rapid succession. If the Nasdaq also generates a technical sell signal, it would add weight to the (already) negative technical view for the US market outlook.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
Already have an account? Sign in here
Advertisement
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Never miss an update
Get the latest insights from me in your inbox when they’re published.
6 topics
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Please sign in to comment on this wire.