Nasdaq Consolidates with Bullish Potential Above 19,900Technical Analysis:
The Nasdaq is currently consolidating between 19900 and 20085.
Stability above 19,900 would signal a bullish trend towards 20085 and 20500.
However, if the index remains below 19900, it is likely to test 19800, with a break below this level confirming a bearish trend targeting 19680.
Key Levels:
Pivot Point: 19900
Resistance Levels: 20085, 20210, 20,530
Support Levels: 19800, 19690, 19400
Expected Trading Range for Today: 19800 to 20200
Trend:
Bullish while above 19900
previous idea: