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.
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.
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.