USNAS100 / Bullish Momentum Amid Earnings Season
Updated
Technical Analysis: Bullish Momentum Amid Earnings Season
- Next Outlook:
The Nasdaq maintains a bullish trend as long as it trades above 20085. Stability below 20385 may trigger a retest down to 20085, whereas stability above 20385 indicates a potential push up to 20725. - Bullish Scenario:
As long as the price trades above 20385, targets are set at 20540 and 20725. - Bearish Scenario:
The price needs to stabilize below 20385 and close a 1-hour or 4-hour candle under this level to target 20085. A break below 20085 would open the path to a bearish zone, aiming for 19845 and 19625. - Key Levels:
- Pivot Line: 20385
- Resistance Levels: 20540, 20725, 20900
- Support Levels: 20085, 19845, 19625 - Today's Expected Range:
The price is anticipated to fluctuate between the support at 20085 and the resistance at 20725.
Note
the price reached our first target which is 20540Nasdaq 100 (USNAS100):
Range: 20385 to 20545 until a breakout.
- Stability above 20545 will target 20725.
- Stability below 20385 will reach 20090.
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