Nasdaq Consolidates with Bullish Potential Above 19,900

25 set

Technical 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:

26 set

Trade chiuso: obiettivo raggiunto

Nasdaq Leads Wall Street Futures Higher on AI Optimism Following Micron's Forecast

Technical Analysis: The price has reached our target and is continuing its upward movement toward 20,530. However, a retest down to 20,200 is likely before the bullish trend resumes. If the price stabilizes below 20,200, it could drop to 20,080. Additionally, upcoming GDP data could significantly impact the market, potentially driving it lower if the figures exceed expectations.

Key Levels:

Pivot Point: 20,210
Resistance Levels: 20,530, 20,700, 20,800
Support Levels: 20,080, 19,900, 19,690

Expected Trading Range for Today: 20,530 to 19,900

Trend:
Bullish: While above 20,200
Bearish Correction: Below 20,200

26 set

Trade attivo

USNAS100
Update

The price dropped and reached our target perfectly and already broke the support we mentioned which is 20210,
So the price will drop more to get 20080 and 19900

Timeframe 4h, 1h

29 set

Trade chiuso: obiettivo raggiunto

USNAS100
29.Sep. 2024 UPDATE

Price Action: There is a possibility of two scenarios:

If the price maintains above the current support at $20,018, it may push towards the resistance around $20,347, continuing the bullish momentum.
If it breaks below, expect a retracement towards $19,908 or lower at $19,686, potentially leading to further declines.
Outlook: The direction depends on whether the price can hold above the pivot level. Watch for a potential bounce at $19,908, or a break could signal a more bearish move toward the next support zone.

In summary, the Nasdaq 100 is in a potential consolidation phase, with a bullish continuation possible if the resistance is tested again, but a correction is also likely if support fails.