📉 U.S. indices witnessed a sharp decline on Friday’s session, with the NASDAQ being one of the most affected, closing at 23,980.
📈 As Monday’s session opened, the market started with a strong bullish gap (Gap Up) at 24,480, then continued to move upward — a trend likely to persist in the coming hours.
🔹 Expected Scenario:
As long as the price remains above the 24,500 support zone, the likely movement is toward the 25,100 resistance level for a potential retest.
🔸 However, if 24,500 support is broken and closed below, we could see a deeper correction before the uptrend resumes.
📈 As Monday’s session opened, the market started with a strong bullish gap (Gap Up) at 24,480, then continued to move upward — a trend likely to persist in the coming hours.
🔹 Expected Scenario:
As long as the price remains above the 24,500 support zone, the likely movement is toward the 25,100 resistance level for a potential retest.
🔸 However, if 24,500 support is broken and closed below, we could see a deeper correction before the uptrend resumes.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.