USNAS100 / Bullish awaiting Nvidia's earnings report
Futures Edge Higher on September Rate-Cut Bets; Nvidia Results in Focus
U.S. stock index futures ticked up on Monday as investors turned their attention to Nvidia’s highly anticipated earnings and a key inflation report due later in the week. Optimism surrounding a potential rate cut by the Federal Reserve in September also supported market sentiment.
Nasdaq Technical Analysis
The price has stabilized above 19,625, setting up a potential move toward 19,880. If this level is breached, the price could advance further to 20,100. Conversely, a break below 19,525 would signal a bearish trend.
Key Levels:
Pivot Point: 19680
Resistance Levels: 19880, 20100, 20260
Support Levels: 19525, 19220, 18940
Expected Trading Range Today: 19625 to 20100
Trend: Bullish, pending Nvidia’s earnings results.
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