🕹Big Tech under pressure 🔻🔻

3:46 PM 11 September 2020

Apple drags US100 lower, key support level near!

Early morning optimism has evaporated on the markets and a return of US investors brings a renewed pressure on the big tech stocks – the same names that drove US indices higher throughout the summer. This could be a pivotal session – markets were not able to successfully rebound from the key 10930 support and the weekend is coming. A break below that level could send a bearish signal.

Traders should also watch Apple stock that is trading just on the trendline. Again, a break lower could send a bearish signal and weigh on the whole US100 index.

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits