Hi
NASDAQ is currently above an important support zone. However, there is a chance that this zone might break today. If that happens, the price could drop to a strong rejection level below. How the price reacts there will be key in deciding whether NASDAQ falls further or bounces back up.
If the price stays above the support zone, it could help push it higher toward the resistance zone.
Overall, my analysis suggests that the price must first break through the support zone and touch the rejection line before any upward movement. If this occurs, the rejection line is likely to provide strong support for further upside momentum, leading the price toward the next resistance zone at 20,545.
Bearish target: 20110, 19940, 19715.
Bullish target: 20300, 20540, 21025
The market will experience significant volatility today following key U.S. economic data. Upcoming speeches from Fed Chair Powell and President Trump, along with the Fed’s Monetary Policy Report, could further impact market sentiment. Caution and risk management are advised.
🔴Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
NASDAQ is currently above an important support zone. However, there is a chance that this zone might break today. If that happens, the price could drop to a strong rejection level below. How the price reacts there will be key in deciding whether NASDAQ falls further or bounces back up.
If the price stays above the support zone, it could help push it higher toward the resistance zone.
Overall, my analysis suggests that the price must first break through the support zone and touch the rejection line before any upward movement. If this occurs, the rejection line is likely to provide strong support for further upside momentum, leading the price toward the next resistance zone at 20,545.
Bearish target: 20110, 19940, 19715.
Bullish target: 20300, 20540, 21025
The market will experience significant volatility today following key U.S. economic data. Upcoming speeches from Fed Chair Powell and President Trump, along with the Fed’s Monetary Policy Report, could further impact market sentiment. Caution and risk management are advised.
🔴Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
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Hello everyone,According to my analysis, the price dropped past the support zone and reached strong rejection level. At this level, it reversed and is now trading above the support zone.
Waiting for the daily and weekly candles to close above the support zone. The price is expected to move between this support zone and the resistance zone.
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Yes, today the Nasdaq 100 Index experienced a significant decline, falling by approximately 3%, reaching a six-month low. This downturn was primarily driven by investor concerns over a potential U.S. recession, exacerbated by President Donald Trump's recent comments where he did not dismiss the possibility of an economic downturn. 
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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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.