USNAS100 / Bearish Outlook before Inflation Data
Nasdaq Technical Analysis
The Nasdaq price has declined and stabilized below the pivot range of 18640, indicating a bearish trend.
As long as the price remains below 18640, further downside is expected, with a potential target at 18340. A break below this level could extend the bearish trend.
For a bullish reversal, the price would need to stabilize above 18640, with an upward move towards 18930.
Key Levels:
Pivot Range: 18630
Resistance Levels: 18800, 18930, 19210
Support Levels: 18340, 18150, 17890
Expected Trading Range: 18150 - 18680
Trend: Bearish while below 18640.
The Nasdaq price has declined and stabilized below the pivot range of 18640, indicating a bearish trend.
As long as the price remains below 18640, further downside is expected, with a potential target at 18340. A break below this level could extend the bearish trend.
For a bullish reversal, the price would need to stabilize above 18640, with an upward move towards 18930.
Key Levels:
Pivot Range: 18630
Resistance Levels: 18800, 18930, 19210
Support Levels: 18340, 18150, 17890
Expected Trading Range: 18150 - 18680
Trend: Bearish while below 18640.
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