Technically : The price has dropped precisely as anticipated. It is now expected to reach 19860, with a stabilization below 20008 level likely extending the decline toward 19740.
Bearish Scenario: While trading below 20000, the price may attempt to reach 19860 and 19740. A break below 19740 would pave the way for further declines toward 19520.
Bullish Scenario: Stabilization above 20020 would open the path to 20240. Further strength above this level could create a bullish zone targeting 20420.
Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices.
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