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The Marker Ear with more.
NASDAQ – pay attention
Today’s NASDAQ candle is not common. A classical reversal candle post a huge run, but as always, we need a confirmation. We are close to the lower part of the trend channel and the 21 day moving average, although the bigger 15400 is the make or break level to watch. 50 day is still way lower…
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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