Nasdaq Outlook: Key Levels and Potential Breakout ScenariosNasdaq Technical Analysis:
The price will touch 19860, with a subsequent break below 19780 confirmed by a 4-hour candle close likely signaling a bearish trend toward 19570. A close above 19860 is required for a bullish outlook,
which could lead to a move up to 19990. However, the Nasdaq may remain in a consolidation phase between 19860 and 19990 until a breakout occurs.
Key Levels:
Pivot Point: 19945
Resistance Levels: 19990, 20280, 20440
Support Levels: 19860, 19620, 19520
Trend:
- Consolidation 19860 - 19990
- Bearish below 19860
- Bullish above 20090