Nasdaq 100 futures recorded a 0.25% gain on Monday, reaching the resistance level of 21,030 amid ongoing uncertainty regarding former President Donald Trump’s proposed tariffs on key U.S. trading partners this week.
The price exhibited a modest increase before retreating below a critical resistance zone, which ranges between 21,385 and 21,030. This zone plays a pivotal role in determining the future price direction. At present, the price remains below this level, indicating a bearish outlook as long as it continues to trade beneath it.
Accordingly, a decline from 21,030 towards the support zone between 20,545 and 20,345 is anticipated. Moreover, if sellers exhibit strong momentum and successfully breach this support zone following a brief correction, a more pronounced and sustained decline is likely to ensue.
A breakout above the resistance zone is necessary to reinstate the bullish trend.
Bearish target: 20,545. 20,345. 20,110.
Bullish target: 21,030. 21,385. 21570.
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
The price exhibited a modest increase before retreating below a critical resistance zone, which ranges between 21,385 and 21,030. This zone plays a pivotal role in determining the future price direction. At present, the price remains below this level, indicating a bearish outlook as long as it continues to trade beneath it.
Accordingly, a decline from 21,030 towards the support zone between 20,545 and 20,345 is anticipated. Moreover, if sellers exhibit strong momentum and successfully breach this support zone following a brief correction, a more pronounced and sustained decline is likely to ensue.
A breakout above the resistance zone is necessary to reinstate the bullish trend.
Bearish target: 20,545. 20,345. 20,110.
Bullish target: 21,030. 21,385. 21570.
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
İşlem aktif
The US Nas100 retreated on Monday after President Donald Trump’s confirmation of forthcoming tariffs.The price declined from 21,030, as previously mentioned, and attempted to break through the support zone but was unsuccessful, leading to a reversal. Currently, the price remains within this zone. The bearish trend is expected to continue if the price breaks below 20,545, particularly if a daily candle closes below this level or beneath the support zone. Otherwise, if the price reverses and moves above the support zone, it is likely to fluctuate between this zone and the resistance zone.
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Feragatname
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Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.