USNAS100 / Bearish Below 20,080, Bullish Above 20,280
Updated
Nasdaq Technical Analysis:
Futures dip ahead of labor data; Powell signals modest rate cuts
Currently, the price needs to stabilize below 20,080 to target 19860, with a potential further decline to 19,690 by breaking 19860.
On the other hand, if the price stabilizes above 20180, it could aim for 20450 and 20700.
Key Levels:
Pivot Point: 20090
Resistance Levels: 20180, 20420, 20710
Support Levels: 19900, 19,690, 19,540
Expected Trading Range for Today: 19860 to 20280
Trend:
Bearish by stability under 20080
Bullish: If 20280 is broken
Futures dip ahead of labor data; Powell signals modest rate cuts
Currently, the price needs to stabilize below 20,080 to target 19860, with a potential further decline to 19,690 by breaking 19860.
On the other hand, if the price stabilizes above 20180, it could aim for 20450 and 20700.
Key Levels:
Pivot Point: 20090
Resistance Levels: 20180, 20420, 20710
Support Levels: 19900, 19,690, 19,540
Expected Trading Range for Today: 19860 to 20280
Trend:
Bearish by stability under 20080
Bullish: If 20280 is broken
Trade closed: target reached
The price is likely to drop towards 19520 and 19210 due to the high bearish volume driven by the potential Iranian attack on Israel. While the situation has not yet occurred, market volatility remains elevated.
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~6 analyses per day. With a clear entry point
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