[U.S] 2023-08-16 Stock Index Review


U.S key stock index - Nasdaq 100, S&P 500, Dow Jones.


The short term down trend continued and the July FED meeting minutes clearly enhenced today's short term down trend, even though what the minutes showed was a mix of balanced opinions. 

To reverse short term trend, it first needs to stablize and stablization takes at least 1 day. Since stablization has not happened yet, the reverse is not likely to happen this week.