NASDAQ Outlook: Critical Levels to Confirm Bullish or Bearish
Updated
Technically:
The price dropped from their ATH as we anticipated yesterday,
Today should break 21070 by closing 4h candle under it, to be bearish till 20790
Otherwise closing 4h or 1h candle above 21260 will be bullish toward 21350 and 21580
Key Levels:
Pivot Point: 21070
Resistance Levels: 21260, 21350, 21490
Support Levels: 20900, 20790, 20700
Trend:
- Bullish above 21260
- Bearish Below 21070
- Consolidation between 21070 - 21260
The price dropped from their ATH as we anticipated yesterday,
Today should break 21070 by closing 4h candle under it, to be bearish till 20790
Otherwise closing 4h or 1h candle above 21260 will be bullish toward 21350 and 21580
Key Levels:
Pivot Point: 21070
Resistance Levels: 21260, 21350, 21490
Support Levels: 20900, 20790, 20700
Trend:
- Bullish above 21260
- Bearish Below 21070
- Consolidation between 21070 - 21260
Trade active
USNAS100
Live Update
Technically:
The price dropped as anticipated yesterday.
Today, it should stabilize below 21070 to continue the bearish trend toward 20790 and 20700. This decline is influenced by the upcoming CPI report, with the previous result at 2.4% and expectations at 2.6%. Recent job data and retail reports suggest CPI may exceed 2.6%, indicating higher inflation, which could negatively impact the indices market.
Alternatively, a 4H or 1H candle close above 21260 would signal a bullish move toward 21350 and 21580.
Key Levels:
Pivot Point: 21070
Resistance Levels: 21260, 21350, 21490
Support Levels: 20900, 20790, 20550
Trend:
- Bearish While Under 21070
- Bullish By Break 21260
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~6 analyses per day. With a clear entry point
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