The recent three-week slide in the Nasdaq 100 has almost wiped out its post-US presidential gains. The persistent uptrend of the 10-year US Treasury yield has made US equities unattractive and overvalued as measured by the S&P 500 Shiller excess CAPE yield. 20,790 remains the key downside trigger level for the Nasdaq 100. Since our […]
The post Nasdaq 100 Technical: Weak Market Breadth With Tightening Liquidity a Deadly Concoction appeared first on Action Forex.
