Nasdaq 100 futures fell Wednesday night after Nvidia — the artificial intelligence bellwether that’s up more than 150% this year — posted strong quarterly results that nevertheless failed to live up to investors’ lofty expectations.
Generally, the Direction is downtrending
Downtrend Side: If the price stabilizes below 19,240 as part of a corrective move, it could signal the potential for further decline. Should the downtrend continue, it may reinforce a deeper pullback, with the price potentially falling towards the 18,645 level. A break below this level could lead to a further drop, targeting the 18,410 level.
Uptrend Side: The NASDAQ 100 Index is currently trading above 19,240. A 4-hour close above this level may lead to further gains, potentially targeting the next resistance at 19,550. If the price stabilizes above 19,550, it would significantly reinforce the bullish trend.
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