Technical Analysis:
Key Levels: Immediate support at 19,664.50 (current price), with critical demand zones near 19,200–19,600. A break below could target 18,268.75 (next major support). Resistance levels begin at 20,400–20,800.
Price Action: Consolidation between SELL (19,664.25) and BUY (19,665.05) zones suggests indecision. Watch for a breakout; holding above demand zones may signal bullish reversal potential.
Fundamental Drivers:
USD Influence: Monitor the US Dollar Index (DXY). A stronger dollar could pressure Nasdaq 100, given its tech-heavy export exposure.
Macro Factors: Fed policy shifts, inflation data, and tech sector earnings will drive sentiment.
Trade Idea:
Bullish Scenario: Hold above 19,664.50 with SL at 19,200, targeting 20,400.
Bearish Trigger: Close below 19,200 opens downside toward 18,268.75.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
👉 Share this analysis to empower others with data-driven decisions.
Engage with My Latest Trading Setup & Share Insights!
Risk Note: Tight stops advised amid volatility. Align entries with DXY trends and economic catalysts.
Key Levels: Immediate support at 19,664.50 (current price), with critical demand zones near 19,200–19,600. A break below could target 18,268.75 (next major support). Resistance levels begin at 20,400–20,800.
Price Action: Consolidation between SELL (19,664.25) and BUY (19,665.05) zones suggests indecision. Watch for a breakout; holding above demand zones may signal bullish reversal potential.
Fundamental Drivers:
USD Influence: Monitor the US Dollar Index (DXY). A stronger dollar could pressure Nasdaq 100, given its tech-heavy export exposure.
Macro Factors: Fed policy shifts, inflation data, and tech sector earnings will drive sentiment.
Trade Idea:
Bullish Scenario: Hold above 19,664.50 with SL at 19,200, targeting 20,400.
Bearish Trigger: Close below 19,200 opens downside toward 18,268.75.
Call to Action:
👉 Follow for alerts on breakout/breakdown scenarios.
👉 Share this analysis to empower others with data-driven decisions.
Engage with My Latest Trading Setup & Share Insights!
Risk Note: Tight stops advised amid volatility. Align entries with DXY trends and economic catalysts.
Trade active
trade Active Guy's Action:Followers: Adjust stops and lock in partial profits if nearing resistance.
New Traders: Wait for confirmation (close above BUY zone or breakdown below SELL zone).
Next Update: Post-CPI data reaction. Stay disciplined!
Share this update to keep your network informed! 🔄
Trade safe, trade smart. 🚀
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.
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.