After liquidating longs at the low, we aim to hold the level of 20,712 in the Nasdaq Mini Futures market.
Recent market movements have shown increased volatility, making it crucial to identify key support and resistance levels. Staying informed about macroeconomic events and earnings reports is essential as these factors can significantly impact market direction.
Bullish Scenario:
If we maintain this level, we will wait for a gain at 20,713 and then look for new highs around 20,752.
Bearish Scenario:
When losing this level (20,712), we will shift our focus to 20,686 and wait for new scenarios to develop.
Staying vigilant and adaptable in this volatile market environment is key to navigating potential trading opportunities and risks.