Nasdaq Composite Index Technical Analysis Today is a daily updating technical analysis report on Nasdaq 100. As today Federal reserve could release Fed minutes. Hence technical analysis will play important rule while trading.
FOMC July Minutes Release:
Minutes of the Fed’s July 25-26 meeting will be released Wednesday. Fed minutes may offer clues on start of portfolio wind down and Rate rise plans.
What To Watch Out For:
- Comments on Inflation.
- Balance sheet run off.
- If the minutes hint at balance sheet run off in September.
So Fed minuets should be watched closely.