The US stock market weakened after the data on retail sales and producer prices in the US, which showed weaker results than predicted by experts.Pessimistic indicators allow to draw conclusions about the weak US inflation and the Fed postponing raising rates.
The Nasdaq updated local maxima. Price returned to the resistance of 4800 which ended the trading week.Resistance is located at 4800, support - at 4700.
Indicators remain in positive territory. MACD rose, indicating the strengthening of customer positions. RSI is close to overbought.
Price is above the 50 EMA on the 4-hour chart. Moving averages (50, 100 and 200) is still pointing upwards.
If a tool breaks up the level of 4800, the price may continue to increase the resistance of 4900.
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