$NASDAQ:IXIC descending Channel, will lose 200 MA
2 tech giants published negative quartarly reports; Meta & Google. Nasdaq is about to lose the 200 MA for the first time since march 2023. S&P 500 broke the 200 MA support today and Dow Jones had already lost the 200 MA last week. Vix is back above 20. The macro conditions are not improving and the Fed has the markets in suspense as it signals yet another rate hike. If all that is not enough, rising geopolitical tensions has investors on edge. Get your popcorn for the fire works show.
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