Nasdaq Edges Higher Ahead of U.S Retail Sales Data &FOMC Meeting
Updated
Nasdaq Edges Higher Ahead of U.S. Retail Sales Data and FOMC Meeting
The price is expected to maintain its bullish trend towards 19,690 as the initial target. Stability above 19,690 will further support an upward move towards 19,970 and beyond. Conversely, a break below 19,370 would indicate a downward trend towards 19,160.
The price is expected to maintain its bullish trend towards 19,690 as the initial target. Stability above 19,690 will further support an upward move towards 19,970 and beyond. Conversely, a break below 19,370 would indicate a downward trend towards 19,160.
- Key Levels:
Pivot Point: 19535
Resistance Levels: 19690, 19970, 20120
Support Levels: 19370, 19160, 18920 - Expected Trading Range Today: 19370 to 19970
- Trend: Bullish while above 19,520
Trade active
Futures Hold Steady as Investors Await Fed Rate Cut
U.S. stock index futures remained subdued on Wednesday as investors cautiously awaited the Federal Reserve's interest rate cut—the first in over four years. Most traders are now anticipating a half-percentage-point reduction.
The price has retested the pivot line and subsequently pushed higher, signaling a continuation of the bullish trend toward 19,670. Sustained stability above this level is expected to drive the trend further towards 19,970 and 20,100. Overall, market conditions are anticipated to remain volatile.
Key Levels:
Pivot Point: 19,535
Resistance Levels: 19690, 19970, 20120
Support Levels: 19370, 19160, 18920
Expected Trading Range Today: 19370 to 19970
Trend: Bullish while above 19370
Trade active
USNAS100
Update
again the price reached the our target we mentioned which is 19370 and pushed up again
so during the FED rate the market will be volatile
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