NASDAQ Outlook: Critical Levels to Confirm Bullish or Bearish

12 Kas 2024

Technically:

The price dropped from their ATH as we anticipated yesterday,

Today should break 21070 by closing 4h candle under it, to be bearish till 20790

Otherwise closing 4h or 1h candle above 21260 will be bullish toward 21350 and 21580


Key Levels:
Pivot Point: 21070
Resistance Levels: 21260, 21350, 21490
Support Levels: 20900, 20790, 20700

Trend:
- Bullish above 21260
- Bearish Below 21070
- Consolidation between 21070 - 21260

13 Kas 2024

İşlem aktif

USNAS100
Live Update

Technically:

The price dropped as anticipated yesterday.

Today, it should stabilize below 21070 to continue the bearish trend toward 20790 and 20700. This decline is influenced by the upcoming CPI report, with the previous result at 2.4% and expectations at 2.6%. Recent job data and retail reports suggest CPI may exceed 2.6%, indicating higher inflation, which could negatively impact the indices market.

Alternatively, a 4H or 1H candle close above 21260 would signal a bullish move toward 21350 and 21580.


Key Levels:
Pivot Point: 21070
Resistance Levels: 21260, 21350, 21490
Support Levels: 20900, 20790, 20550

Trend:
- Bearish While Under 21070
- Bullish By Break 21260