Nasdaq Buyers Are Losing Ground as Sellers Close the Gap

Market Analysis – March 12th

Nasdaq buyers are losing ground as sellers close the gap. The index market has been a hotbed of activities. Buyers and sellers constantly battle it out. However, recent trends have shown that buyers on the Nasdaq have been losing ground as sellers close the gap.

For the past year, the bullish cycle in the Nasdaq index market has been a cause for concern for sellers. Buyers have been dominating the market, pushing prices higher and making it difficult for sellers to gain traction. However, sellers are determined to break free from this cycle and regain control.

Nasdaq (NAS100) Key Levels

Resistance Levels: 18418.300, 17807.000

Support Levels: 16580.000, 15694.000

Nasdaq (NAS100) Long-Term Trend: Bullish

This year, buyers managed to break through the significant level of 16,580.200, signaling their strength and determination. In February, they continued their upward momentum, surpassing the key level of 17,289.000. The market was buzzing with optimism as buyers seemed unstoppable.

Nasdaq (NAS100) Short-Term Trend: Bullish

However, the recent price activity in the Nasdaq market indicates that the bullish sentiment is gradually burning out. After hitting the key level of 18,418.000, the buyers are starting to struggle to maintain their momentum. This presents an opportunity for sellers to regroup and fight back.

Traders who closely monitor the subtle changes in price sentiment can gain valuable insights into the market. As the momentum slows down and sellers start to gain strength, it becomes crucial to pay attention to forex signals that can determine the outcome of trades. Being aware of these signals can give traders a competitive advantage.

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