Nasdaq Futures Slip as Global IT Outage Weighs on SentimentTechnical Analysis: Nasdaq Futures Slip as Global IT Outage Weighs on Sentiment
Next Outlook:
Following a decline due to adverse conditions on Wall Street, the Nasdaq is expected to consolidate between 19,625 and 19,845 until a breakout occurs. The bearish trend remains in play, particularly if the price stabilizes below 19,525, potentially driving it down to 19,100. Conversely, a bullish trend may begin if the price stabilizes above 19,625, targeting 19,845.
Bullish Scenario:
Stability above 19,625, confirmed by a 4-hour candle with volume, will support a bullish trend towards 19,845.
Bearish Scenario:
The price should close a 15-minute candle below 19,625 to target 19,520. Subsequently, a 4-hour candle with a volume below 19,520 would confirm a downtrend towards 19,100.
Key Levels:
- Pivot Line: 19625
- Resistance Levels: 19845, 20085, 20385
- Support Levels: 19530, 19100, 18930
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,100 and the resistance at 20,085.
Previous Idea:
Nasdaq Futures Slip as Global IT Outage Weighs on Sentiment
September Nasdaq 100 E-Mini futures (NQU2024) are down -0.37% this morning due to a widespread cyber outage affecting banks, airlines, and broadcasters, which has dampened investor sentiment.
On Friday, computer systems failed globally, disrupting services at airlines, banks, and the London Stock Exchange. This was attributed to the crash of a widely used cybersecurity program, compounded by separate issues reported by Microsoft with its cloud services. CrowdStrike Holdings alerted customers that its Falcon Sensor threat-monitoring product was causing crashes in Microsoft’s Windows operating system. Concurrently, Microsoft experienced disruptions in its Azure cloud and 365 services, though the exact cause of the issues remained unclear.
Usnas100
NASDAQ Faces Volatility Amid NVIDIA and Geopolitical Tensions Technical Analysis: Impact of Earnings Season and NVIDIA Situation on NASDAQ
Next Outlook:
The NASDAQ may break its barrier and stabilize below it due to the adverse situation with NVIDIA and prevailing geopolitical tensions. This makes the trend in this area particularly sensitive.
Bullish Scenario:
For a bullish trend to emerge, the price needs to break above 20,085, targeting a move towards 20,385.
Bearish Scenario:
As long as the price trades below 20,085, it is expected to consolidate between 19,845 and 20,085. A break below 19,845 could lead to a drop towards 19,625 and 19,530.
Key Levels:
- Pivot Line: 19,845
- Resistance Levels: 20,085, 20,385, 20,540
- Support Levels: 19,625, 19,530, 19,100
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,530 and the resistance at 20,385.
NASDAQ / Potential Direction During Earnings Season NASDAQ Analysis: Potential Direction During Earnings Season
The NASDAQ recently broke out from an ascending trend line but has since reversed. Given the earnings season, we can anticipate increased volatility as companies report their quarterly results, which will significantly influence market direction.
Bullish Scenario:
If the price can stabilize above the pivot line at 20,080, we could see a move towards the resistance levels at 20,385 and 20,725. Sustained stability above 20,800 might drive the index higher towards 21,000.
Bearish Scenario:
If the price fails to hold above the pivot line and stabilizes below 20,086, it could signal a bearish trend. A close below this level, especially on a 4-hour candle, may drive the index down to the support levels at 19,845 and potentially further to 19,625.
Key Levels:
- Pivot Line: 20080
- Resistance Levels: 20385, 20724, 20800
- Support Levels: 19845, 19625, 19530
Earnings Season Impact:
Given that we are in the earnings season, the market reaction to company reports will play a crucial role. Positive earnings surprises could push the index higher, while disappointing results could lead to a sell-off. Keep an eye on major earnings announcements and guidance for the upcoming quarters, as these will be key drivers for the market's next direction.
NAS100USD ( BREAKOUT CHANNEL ) ( 4H )NAS100USD
HELLO TRADERS
Tendency , after breakout channel the price is under bearish pressure .
TURNING LEVEL : the price of turning level between 20,214 and 20,084 , if the price breaking 20,214 reach a resistance level , but if breaking 20,084 reach a support level .
RESISTANCE LEVEL : currently price 20,127 inside sensitive area , if the price breaking turning level at 20,214 reach a resistance level at 20,386 .
SUPPORT LEVEL : if the price breaking 20,084 reach a support level at 19,910 .
PRICE MOVEMENT : the price breaking ascending channel it mean under bearish pressure , know the price in a sensitive area between turning level at 20,214 and 20,084 , price breaking 20,214 by open 4h candle above this level reach a resistance level at 20,386 , then breaking this level reach a 20,708 , if the price breaking 20,084 by open 1h or 30 min below this level reach a support level at 19,910 , the breaking this level reach a 19,688 .
TARGET LEVEL
RESISTANCE LEVEL : 20,386 , 20,708 .
SUPPORT LEVEL ; 19,910 , 19,688 .
NAS100USD ( TRYING TO REACH A ORDER BLOCK ) ( 4H )NAS100USD
HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : the price between 20,387 and 20,217and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level .
PRICE MOVEMENT : the price in previously reach a first resistance level at 20,387 , currently price stabilizing this level , my goal resistance level at 20,703 .
PRICE ACTION :
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price retest a 20,387 before reach a resistance level at 20,703 , second case price retest 20.217 , before rising , if the price breaking order block at 20, 783 reach a new resistance level at 20,929 .
SHORT CONDITION : if the price breaking turning level at 20.217, stabilizing below this level reach a support level at 19,810 , then breaking a supply zone reach a next level at 19,405
TARGET LEVEL :
LONG CONDITION / RESISTANCE LEVEL : 20,703 , 20,929
SHORT CONDITION / SUPPORT LEVEL : 19,810 , 19,405
WallStreet Steady as Markets Await Retail Sales Data and EarningTechnical Analysis: Sustained Bullish Momentum Amid Earnings Season
Next Outlook:
The Nasdaq has reached its first resistance level at 20545 and has since reversed to its support line at 20385. It is expected to consolidate between 20385 and 20545 until a breakout occurs.
Bullish Scenario:
As long as the price remains above 20385, the targets are set at 20540 and 20725.
Bearish Scenario:
For a bearish trend to be confirmed, the price needs to stabilize below 20385 and close a 1-hour or 4-hour candle under this level, targeting 20085. A break below 20085 would open the path to a bearish zone, with further targets at 19845 and 19625.
Key Levels:
- Pivot Line: 20385
- Resistance Levels: 20540, 20725, 20900
- Support Levels: 20085, 19845, 19625
Today's Expected Range:
The price is anticipated to fluctuate between the support at 20085 and the resistance at 20725.
Previous idea:
Wall Street Futures Steady Amid Awaited Retail Sales Data and Corporate Earnings
Wall Street futures remained steady on Tuesday following a strong rally in the main U.S. indexes during the previous session. The market's focus now shifts to retail sales numbers and a series of corporate earnings reports.
Attention is particularly directed towards retail sales data to gauge consumer response to persistent inflation in the United States. Economists polled by Reuters expect June retail sales to decline by 0.3% on a monthly basis. However, core retail prices are anticipated to remain unchanged.
This data will provide crucial insights into consumer behavior and economic resilience amid inflationary pressures, potentially influencing market movements and investor sentiment in the near term.
NASDAQ /New All-Time Highs and Next Outlook Based on CPI Results Technical Analysis: New All-Time Highs and Next Outlook Based on CPI Results
Next Outlook:
The price continues to follow a bullish trend towards the next key level of 20900. The price is expected to consolidate between 20400 and 20900 until a breakout occurs, initially aiming to reach 20900.
Bullish Scenario:
As long as the price remains above 20400, the bullish trend is likely to continue, targeting 20900 and 21000. There is also a possibility of a retest down to 20540 before resuming the upward movement.
Bearish Scenario:
For a bearish trend to be confirmed, the price must break below 20400 and stabilize with a 4-hour or 1-hour candle close beneath this level. This could lead to further declines towards 20100, and stabilization below 20085 could result in a drop to 19625.
Key Levels:
- Pivot Line: 20660
- Resistance Levels: 20900, 21000, 21100
- Support Levels: 20540, 20400, 20225
Today's Expected Range:
The price is expected to fluctuate between the support at 20540 and the resistance at 20920.
CPI Impact:
Given the CPI result of 3.0%, the effect is likely to be positive for indices, supporting the bullish outlook.
In summary, the direction of the price will hinge on maintaining above the key support levels and the impact of the CPI results. Traders should monitor these critical levels and economic indicators to anticipate the next market movements.
previous idea:
USNAS100 / New All-Time Highs and NFP Implications Technical Analysis: New All-Time Highs and NFP Implications
Today's Outlook:
The price has recently surged past previous high levels, trending towards a new all-time high around 20410. A retest of this level might occur, potentially driving the price down to 20100. However, today's Non-Farm Payroll (NFP) announcement is expected to significantly impact market movements.
Bearish Scenario:
For a bearish trend to be confirmed, the price must break below 20100 and stabilize with a 4-hour candle close beneath this level. This could lead to further declines towards 19845 and potentially 19625.
Bullish Scenario:
As long as the price remains above 20100, the bullish trend is likely to continue, targeting 20410 and 20540. There is also a possibility of a retest down to 20100 before resuming the upward movement.
Key Levels:
Pivot Line: 20220
Resistance Levels: 20400, 20540, 20750
Support Levels: 20100, 19960, 19625
Today's Expected Range:
The price is expected to fluctuate between the support at 19625 and the resistance at 20540.
NFP Scenarios:
- Previous Result: 272K
- Expectation: 191K
If the NFP release is less than 191K, the indices are likely to follow a bullish scenario. Conversely, a result exceeding 191K, particularly around 250K, would likely lead to a bearish scenario.
In summary, today's market direction will be heavily influenced by the NFP results and the key price levels outlined. Monitoring these factors will be crucial for navigating the day's trading volatility.
USNas100 (Price Bearish in Focus under pivot line 20100)Technical Analysis: Price Bearish in Focus
Today's Outlook:
The price reached the high level again and now should break the all-time level to trade above 20100 toward 20405
Bearish Scenario:
As long as the price trades below 20100, the bearish trend is likely to persist, with targets at 19960 and under that will be 19845, supported by strong bearish volume. Closing 4h candle under 19525 will start a strong Bearsih area.
Bullish Scenario:
Closing 4h candle above 20100 means will be an uptrend to get 20400
Key Levels:
- Pivot Line: 20100
- Resistance Levels: 20250, 20400, 20500
- Support Levels: 19960, 19845, 19625
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19625 and the resistance at 20250, with a downward trend expected for today.
NAS100 Weekly Analysis/Navigating Key Pivot and Resistance LevelTechnical Weekly Analysis: US NASDAQ 100 (NAS100)
A Short Outlook on the Previous Movement:
The US NASDAQ 100 (NAS100) has been trading within a primary ascending channel since the significant drop during the COVID-19 period. The index experienced a strong bullish trend, reaching new highs before facing periodic pullbacks. These pullbacks have been opportunities for the price to gather momentum for further upward movement.
Current Outlook:
The current price of NAS100 is around 19,754.9, positioned near the pivot line at 19,103.5. The index is testing a resistance line near 20,537.0, and the market is awaiting a decisive move. The recent movement suggests potential consolidation before a breakout.
Bullish Scenario:
Key Trigger: Daily closing above 19,525.0 and sustained move above the resistance line at 20,537.0.
Targets: The immediate target would be 20,537.0, with potential further movement towards 21,000.0.
Confirmation: A break above 20,537.0, supported by strong buying volume, would confirm the bullish continuation towards 21,000.0.
Bearish Scenario:
Key Trigger: Daily closing under 19,525.0 and sustained move below 19,103.5.
Targets: If bearish momentum continues, the price could drop towards the support line at 17,898.9, further down to 16,548.0.
Confirmation: A decline below 19,103.5 and 19,525.0, along with increased selling pressure, would confirm the bearish outlook.
Key Levels:
Pivot Line: 19,103.5
Resistance Levels: 20,537.0, 21,000.0
Support Levels: 19,103.5 (Pivot Line), 17,898.9, 16,548.0, 15,766.2
Expecting Weekly Range Movement:
- The anticipated weekly range is between the support at 17,898.9 and the resistance at 20,537.0. A breakout in either direction would define the next significant move.
Preferred Direction:
- Given the strong historical bullish trend and the current positioning near the resistance line, the preferred direction leans towards bullish if the price can break and sustain above 20,537.0. However, caution is advised as the market could still face significant resistance and potential pullbacks.
Summary:
The NAS100 is currently at a critical juncture. A breakout above 20,537.0 would confirm a bullish continuation towards 21,000.0, while a failure to break this level and a decline below 19,103.5 would signal a bearish move towards 17,898.9 and potentially 16,548.0. Traders should closely monitor the price action around these key levels to determine the next major trend.
PREVIOUS WEEKLY IDEA:
USNAS100 (Reversal at resistance line ) With sensitive movement Technical Analysis: Price Reversal in Focus
The movement is sensitive...
Today's Outlook:
The price will try to touch 19835 from the resistance line which is 19960
there is a sensitive point, stability above 19960 means it will touch 20100
Bearish Scenario:
As long as the price trades below 19960, the bearish trend is likely to persist, with targets at 19835 and under that will be 19625, supported by strong bearish volume.
Bullish Scenario:
Reversing to stabilize above 19960 means will push up to get 20100 and closing 4h candle above 20095 means will start a new bullish trend
Key Levels:
- Pivot Line: 19960
- Resistance Levels: 20090, 20150, 20250
- Support Levels: 19835, 19630, 19525
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 20100, with a downward trend expected for today.
Nasdaq/Bearish Trend Persists: Key Levels and Targets for TodayTechnical Analysis: Price Reversal in Focus
After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
Today's Outlook:
The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.
Bearish Scenario:
As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.
Bullish Scenario:
For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.
Key Levels:
- Pivot Line: 19840
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
NASDAQ Bearish Trend Persists: Key Levels and Targets for TodayTechnical Analysis: Price Reversal in Focus
After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
Today's Outlook:
The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.
Bearish Scenario:
As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.
Bullish Scenario :
For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.
Key Levels:
- Pivot Line: 19840
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
USNAS100 Analysis and Nasdaq's AI Surge Amid Fed UncertaintyUSNAS100 Technical Analysis: Focus on Price Reversal
Today's Outlook:
The price has reversed and stabilized in the bullish zone after surpassing the resistance level at 19800, suggesting a continued upward trajectory towards 19960 and potentially breaching the all-time high.
Bullish Scenario:
As long as the price remains above 19800, the bullish trend is expected to continue, with targets set at 19960 and 20100.
Bearish Scenario:
To trigger a bearish trend, the price needs to close at least a 4-hour candle below 19795, potentially leading to a decline towards 19625. A sustained drop below 19525 would activate a bearish zone, with further downside targets at 19100.
Key Levels:
- Pivot Line: 19800
- Resistance Levels: 19960, 20100, 20250
- Support Levels: 19625, 19525, 19250
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19625 and the resistance at 20100, with a prevailing expectation of a downward trend for today.
In summary, the outlook remains bullish above the pivot line, with potential targets at 19960 and 20100. However, a close below 19795 could signal a shift towards a bearish trend, targeting 19625 and lower levels.
-------------
Nasdaq Surges on AI Stock Rally; Dow Dips Ahead of Key Inflation Data
The Nasdaq surged on Tuesday as Nvidia and other AI-linked stocks rebounded following recent selloffs. Meanwhile, the Dow slipped from its one-month high as investors awaited key inflation data later this week to gauge the Federal Reserve's monetary policy trajectory.
"If the economic data continues to weaken, equities might have to take a breather unless and until a September rate cut becomes more likely," said John Velis, Americas macro strategist at BNY Mellon.
Market participants currently see a 61% chance of a 25-basis point interest rate cut in September and are anticipating approximately two cuts by the end of the year, according to LSEG's FedWatch data.
The most anticipated event of the week is the release of the personal consumption expenditures (PCE) price index on Friday, the Fed's preferred measure of inflation.
However, Fed Governor Michelle Bowman indicated that she does not foresee any reduction in the U.S. benchmark interest rate this year.
USNAS100 (LIKELY STARTING A BEARISH TREND)with retest possibiltyTechnical Analysis: Price Reversal in Focus
After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
Today's Outlook:
The bearish trend is expected to continue as long as the price remains below the pivot zone which is 19625 and 19800, potentially targeting 19250 and 19100.
Bullish Scenario:
For a bullish reversal, the price needs to rise above 19800, aiming for targets of 19960 and 20100.
Bearish Scenario:
As long as the price trades below 19625, the bearish trend is likely to persist, with targets at 19520 and 19250, supported by strong bearish volume.
Key Levels:
- Pivot Line: 19625
- Resistance Levels: 19800, 19960, 20100
- Support Levels: 19525, 19250, 19110
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19250 and the resistance at 19800, with a downward trend expected for today.
USNAS100 / Bearish Reversal Following All-Time HighTechnical Analysis: Price Reversal
After reaching an all-time high, the price has reversed.
Today's Outlook:
The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.
Bullish Scenario:
For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.
Bearish Scenario:
As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.
Key Levels:
- Pivot Line: 19840
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
USNAS100 New All-Time High with Strong Bullish MomentumTechnical Analysis: New All-Time High with Strong Bullish Momentum
The price has recorded a new all-time high, indicating strong bullish momentum.
Today's Outlook:
The indices market is expected More bullish due to the high market cap volume.
Bullish Scenario:
As long as the price trades above 19885 means will continue the bullish trend to get 20250 with correction till 19885
Bearish Scenario:
If the price breaks below 19,880 and closes a 4-hour candle under this level, it may enter a downtrend, targeting the demand zone between 19,625 and 19,525.
Key Levels:
- Pivot Line: 19,885
- Resistance Levels: 20,050, 20,150, 20,250
- Support Levels: 19885, 19525, 19230
Today's Expected Range:
The price is expected to fluctuate between the support at 19,525 and the resistance at 20,250.
USNAS100 New All-Time High with Strong Bullish MomentumTechnical Analysis: New All-Time High with Strong Bullish Momentum
The price has recorded a new all-time high, indicating strong bullish momentum.
Today's Outlook:
The indices market is expected to be volatile due to upcoming retail data releases.
Bullish Scenario:
If the price remains stable above 19,880, it is likely to continue the bullish trend, potentially reaching 20,250.
Bearish Scenario:
If the price breaks below 19,880 and closes a 4-hour candle under this level, it may enter a downtrend, targeting the demand zone between 19,625 and 19,525.
Key Levels:
- Pivot Line:** 19,880
- Resistance Levels: 20050, 20150, 20250
- Support Levels: 19685, 19525, 19255
Today's Expected Range:
The price is expected to fluctuate between the support at 19,525 and the resistance at 20,060.
In summary, stability above 19,880 favors a bullish outlook with higher resistance targets, while a break below this level suggests a potential bearish trend toward lower support zones.
Fundamental Analysis: S&P 500 and Nasdaq Futures Near Record Highs Ahead of Key Data
Market Overview:
U.S. stock index futures were steady on Tuesday, with those tracking the S&P 500 and the Nasdaq hovering near record highs. This comes ahead of crucial retail sales data and commentary from several Federal Reserve officials.
Key Economic Data:
Focus is now on fresh economic data from the United States, including:
- May Retail Sales: This data will be closely watched for insights into consumer spending.
- Industrial Production: A key indicator of economic health.
- Business Inventory Data: Provides insights into supply chain dynamics and business confidence.
Federal Reserve Commentary:
Comments from U.S. Federal Reserve officials will be scrutinized for their views on the current economic situation and future monetary policy. Recent projections indicate that the Fed now anticipates just one interest rate cut this year, down from the three previously forecasted.
In summary, the market is poised for potential volatility as investors await key economic data and insights from Federal Reserve officials, which could provide direction on future monetary policy.
Nasdaq Eyes New Highs Amid Bullish MomentumTechnical Analysis: USNAS100
The price has reached the resistance line at 19,100, indicating a sustained bullish trend. If the price stabilizes above 19,100, it is expected to continue its bullish movement towards 19,440. However, a retest down to 18,940 is likely before the bullish trend resumes. A break below 18,930 on a 4-hour candle close would signal a bearish shift towards 18,820, leading to consolidation between 19,100 and 18,940.
Bullish Scenario:
For the bullish trend to persist, the price needs to break above 19,100, with potential targets at 19,250 and 19,450. As long as the price trades above 18,930, the bullish trend remains intact.
Bearish Scenario:
Stabilization below 18,930 would indicate a move towards 18,820. A further break below 18,820, confirmed by a 1-hour candle close, would signal a downtrend towards 18,600.
Key Levels:
- Pivot Line: 19,100
- Resistance Levels: 19200, 19300, 19450
- Support Levels: 18940, 18820, 18710
Today's Expected Range:
The price is expected to move between the support at 18,820 and the resistance at 19,450.
USNAS100 Bearish Trend Emerges After Bullish Targets ReachedTechnical Analysis Nasdaq
The price has reached all our bullish targets perfectly and now appears to be entering a bearish trend.
Today's Outlook:
The price has stabilized below the resistance line at 19,650, consolidating between 19,625 and 19,525.
Bullish Scenario:
To re-enter a bullish trend, the price must break above 19,625 and close a 4-hour candle above this level, potentially targeting 19,760.
Bearish Scenario:
As long as the price remains below 19,625, it is likely to drop towards 19,230. A 1-hour candle close below 19,525 would confirm the bearish trend, with further potential declines.
Key Levels:
- Pivot Line: 19,570
- Resistance Levels: 19,710, 19,820, 19,980
- Support Levels: 19,450, 19,230, 19,100
Today's Expected Range:
The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625.
In summary, maintaining a position below 19,625 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could indicate a shift back to a bullish trend.
(NASDAQ) CPI & Fed Rate: Key Drivers for Market Volatility TodayTechnical Analysis Nasdaq
The price reached the target we mentioned yesterday and has now achieved 19,250.
Today's Outlook:
Today, the market is expected to be volatile due to the CPI release and the Federal Reserve's rate decision. A CPI reading below 3.4% is likely to support an uptrend, while a reading above 3.4% could negatively impact the indices.
Bullish Scenario:
If the CPI is below 3.4%, as long as the price trades above 19,100 and 19,220, the bullish trend is expected to continue towards 19,450. It is possible that the price may retest 19,100 before resuming the bullish trend.
Bearish Scenario:
If the CPI is above 3.4%, stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by a 1-hour candle close, would signal a downtrend towards 18,810.
Key Levels:
- Pivot Line: 19,200
- Resistance Levels: 19450, 19570, 19720
- Support Levels: 19100, 18940, 18810
Today's Expected Range:
The price is expected to move between the support at 18,940 and the resistance at 19,570.
Our Previous Prediction:
USNAS100 (Breakout Line, NFP, Jobs data )Futures Trade Cautiously Ahead of Jobs Data
U.S. stock index futures showed minimal movement on Friday as investors awaited a crucial employment report. This report is expected to confirm increasing slack in the U.S. labor market, potentially providing the Federal Reserve with more flexibility to cut interest rates later this year.
Technical Analysis
the price will move between 19100 and 18940 till breaking, stability above 19100 means the NFP is good and will continue the bullish trend to get 19250 and 19450
otherwise, stability under 18940 means will drop to 18820
Bullish Scenario: For the bullish trend to continue, the price needs to break above 19,100, with potential targets of 19,250 and 19,450.
Bearish Scenario: Stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by closing at least a 1-hour candle, would signal a downtrend towards 18,800.
Pivot Line: 19100
Resistance Levels: 19200, 19300, 19450
Support Levels: 18940, 18820, 18710
Today's range is expected to be between the support at 18820 and the resistance at 19450.
previous idea:
USNAS100 (Bullish Possibility after correction!!!)Technical Analysis
the price reached around the resistance line and dropped to touch its support line, and again reversed so now the price is still above the support line,
Bullish Scenario: As long as the price remains above 18435, it is likely to reach 18,735 and potentially 18,820.
Bearish Scenario: A stabilization below 18435 would suggest a bearish trend, targeting 18235 and 18150.
Pivot Line: 18435
Resistance Levels: 18650, 18820, 18940
Support Levels: 18250, 18140, 17880
Today's range is expected to be between the support at 18235 and the resistance at 18940.