Nasdaq Futures Rise on Fed Cut Hopes; Amazon and Apple Earnings

1 Ağu 2024

Nasdaq Futures Climb on Upbeat Meta Results and Fed Cut Hopes; Amazon and Apple Earnings Awaited

Technical Analysis:

The price has reached the resistance line as previously mentioned.

Next Outlook:
For the Nasdaq to maintain its bearish trend, it must stabilize below the resistance line at 19,625, targeting a move towards 19,220.

Bullish Scenario:
Closing a 4-hour candle above 19,625 could push the price to 19,740 and 19,845.

Bearish Scenario:
As long as the price trades below 19,625, the bearish trend remains intact. Stability below 19,525 will likely lead to a drop to 19,220.

Key Levels:
- Pivot Line: 19,525
- Resistance Levels: 19,625, 19,735, 19,845
- Support Levels: 19,220, 19,100, 18,930

Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,100 and the resistance at 19,625.

previous idea:

1 Ağu 2024

Not

Moving Well +290 pip✅

breaking under 19220 will touch 19100
the movement range will be between 19220 and 19370 till breaking

2 Ağu 2024

Not

we got about 1200 pip profit

and still running... to 18150