Futures Edge Higher on September Rate-Cut Bets; Nvidia Results in Focus
Nasdaq Technical Analysis
The price rejected from the resistance trend which is 19680,
stability under 19525 will support falling to get 19185, and below it will get 18760
otherwise, stability above 19680 will support a bullish trend toward 19970
Pivot line: 19525
Resistance Line: 19685, 19972, 20100
Support line: 19290, 19185, 18940
Trading Range Today: 19700 to 19185
Trend: Bearish as long as under 19525
Trade closed: target reached
USNAS100 Update
Moving Well +300pip ✅
- As we anticipated, the price has dropped and continues declining toward 19,185.
- To reach 18,760, the price needs to break below 19,185 and close a 4-hour candle beneath this level.
- However, following the New York session, NVIDIA's earnings report could trigger a bullish move, potentially driving the price up to 19,480 or 19,625 before resuming its downward trend toward 18,760.
Time frame 4h
current price 19275
Technical analyst focused on gold, indices, and forex.
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Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
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.