Financial Digest

Tech Stocks Struggling at Double Top Fibonacci Resistance

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

First Trust NASDAQ-100 Equal Weighted Index Fund News

Finance Finance Latest News,Finance Finance Headlines

Stocks Analysis by Chris Kimble covering: First Trust NASDAQ-100 Equal Weighted Index Fund. Read Chris Kimble's latest article on Investing.com

Technology stocks have been the engine behind the stock market rally into 2024. Even better stated, tech stocks have been a market leader since 2009.

Today, we highlight this with one of my favorite ways to interpret market strength: equal weight indices & ETFs. The chart below is the First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ: How long with this double top Fibonacci resistance hold for? Will it be long enough to send QQEW much lower? Or will it be different this time?Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is the S&P 500 Flashing a Spring Sell Signal?Stocks Analysis by Chris Kimble covering: S&P 500, NASDAQ Composite. Read Chris Kimble's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia Stock Reaches Crossroads at Key Fibonacci Price Level: Breakout in Sight?Stocks Analysis by Chris Kimble covering: Nasdaq 100, NVIDIA Corporation. Read Chris Kimble's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »