Nasdaq Composite Technical Analysis - The bears are eyeing the 12274 support ...Middle East

Last week, the risk sentiment started on a positive note at the beginning of the week due to the lack of a ground offensive in Gaza. Unfortunately, things went south from Wednesday onwards as Israeli PM Netanyahu delivered a speech where he said that they were preparing for a ground invasion. Moreover, the US Jobless Claims data on Thursday showed another big miss in Continuing Claims, which might be an indication that the labour market is weakening. On Friday, the risk sentiment deteriorated further as market participants likely didn't want to hold long positions into the weekend, especially after early reports of the start of the invasion.Over the weekend we got reports of a ground offensi

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Nasdaq Composite Technical Analysis - The bears are eyeing the 12274 support ...Middle East

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