Nasdaq: the rebound towards 12,000 has stalled


(Communicated)

(CercleFinance.com) – Jerome Powell’s hearing before the members of the US Congress receives a rather cool welcome but does not mark disappointment either, and even less annoyance: the Nasdaq price consolidates without intensity towards 11,600Pts .
Note that the index failed to fill the ‘gap’ of 11,853 (02/16) on March 6 and that any pullback below 11,380 would be a bad omen and could prefigure a relapse towards 10,600 Pts.

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