Nasdaq Technical Analysis Markets Remain Volatile Awaiting Jobs Data
Next Outlook: The price is expected to consolidate between 17,900 and 17,590 until a breakout occurs.
Bullish Scenario: For a bullish trend to develop, the price needs to stabilize above 17,900 by closing a 4-hour candle above this level, which could support a rise towards 18,420.
Bearish Scenario: Stability below 17,900 will support a decline towards 17,590. Further stability below 17,590 could drive the price downward to 17,050.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.