Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Technical Analyst, Saxo Bank
Nasdaq 100 closed Friday below key support 14,342. Minor support at 0.618 Fibo retracement at 13, 868. February lows around 13K likely to be tested.
If Buyers manage to close gap from 6th April resistance at 15,165 likely to be tested