USNAS100 Stabilizes in Bullish Zone, Reaches New All-Time High

Technical Analysis: NASDAQ

The price reached all our targets perfectly as mentioned yesterday.

  • Today's Outlook:
    The price has stabilized in the bullish zone and achieved a new all-time high of 19,670. As long as the price remains above 19,570, the bullish trend is expected to continue.

  • Bullish Scenario:
    As long as the price trades above 19,570, it is likely to continue the bullish trend, targeting 19,720 as the first bullish milestone.

  • Bearish Scenario:
    A bearish trend will be activated if the price breaks below 19,570, potentially dropping to 19,450. A further break below this level could continue the trend towards 19,250 and 19,100.

  • Key Levels:- Pivot Line: 19,570
    - Resistance Levels: 19,710, 19,820, 19,980
    - Support Levels: 19,450, 19,250, 19,100
  • Today's Expected Range:
    The price is expected to fluctuate between the support at 19,230 and the resistance at 19,720.

    In summary, maintaining a position above 19,570 supports a bullish outlook with higher resistance targets, while trading below this level suggests a bearish trend with lower support levels in focus.

    Previous idea:
    (NASDAQ) CPI & Fed Rate: Key Drivers for Market Volatility Today
NASDAQ 100 CFDnasdaqSupply and DemandSupport and ResistanceTrend Analysis

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