NASDAQ /Key Levels: Bullish Above 20,330, Bearish Below 20,125Price at Crossroads: Bullish Break Above 20,330 or Bearish Drop Below 20,125?
Technically analyze:
The price has dropped precisely as anticipated. It is now expected to reach 20,125, with a break below this level likely extending the decline toward 19,990.
Bearish Scenario: While trading below 20,240, the price may attempt to reach 20,125. A break below 20,125 would pave the way for further declines toward 19,990 and 19,870.
Bullish Scenario: Stabilization above 20,330 would open the path to 20,420. Further strength above this level could create a bullish zone targeting 20,550 and 20,700.
Key Levels:
Pivot Point: 20240
Resistance Levels: 20330, 20420, 20550
Support Levels: 20125, 19990, 19860
Trend:
- Bullish above 20330
- Bearish below 20240