US Nas 100Short
USNAS100/ Decline from NEW HIGH
Technical Analysis
The Nasdaq is currently attempting to rise above its previous resistance level of 21,770. If successful, it is expected to reach a new high of 21,900 before initiating a gradual decline. After peaking at 21,900, the index is projected to step down, revisiting the 21,770 level. A break below this point may lead to further declines, with targets at 21,620, 21,535, and eventually 21,420.
Key Levels:
Pivot Point: 21420
Resistance Levels: 21770, 21880, 22000
Support Levels: 21,675, 21,535, 21420
The Nasdaq is currently attempting to rise above its previous resistance level of 21,770. If successful, it is expected to reach a new high of 21,900 before initiating a gradual decline. After peaking at 21,900, the index is projected to step down, revisiting the 21,770 level. A break below this point may lead to further declines, with targets at 21,620, 21,535, and eventually 21,420.
Key Levels:
Pivot Point: 21420
Resistance Levels: 21770, 21880, 22000
Support Levels: 21,675, 21,535, 21420
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