Nasdaq Futures Slip as Global IT Outage Weighs on SentimentTechnical Analysis: Nasdaq Futures Slip as Global IT Outage Weighs on Sentiment
Next Outlook:
Following a decline due to adverse conditions on Wall Street, the Nasdaq is expected to consolidate between 19,625 and 19,845 until a breakout occurs. The bearish trend remains in play, particularly if the price stabilizes below 19,525, potentially driving it down to 19,100. Conversely, a bullish trend may begin if the price stabilizes above 19,625, targeting 19,845.
Bullish Scenario:
Stability above 19,625, confirmed by a 4-hour candle with volume, will support a bullish trend towards 19,845.
Bearish Scenario:
The price should close a 15-minute candle below 19,625 to target 19,520. Subsequently, a 4-hour candle with a volume below 19,520 would confirm a downtrend towards 19,100.
Key Levels:
- Pivot Line: 19625
- Resistance Levels: 19845, 20085, 20385
- Support Levels: 19530, 19100, 18930
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,100 and the resistance at 20,085.
Previous Idea:
Nasdaq Futures Slip as Global IT Outage Weighs on Sentiment
September Nasdaq 100 E-Mini futures (NQU2024) are down -0.37% this morning due to a widespread cyber outage affecting banks, airlines, and broadcasters, which has dampened investor sentiment.
On Friday, computer systems failed globally, disrupting services at airlines, banks, and the London Stock Exchange. This was attributed to the crash of a widely used cybersecurity program, compounded by separate issues reported by Microsoft with its cloud services. CrowdStrike Holdings alerted customers that its Falcon Sensor threat-monitoring product was causing crashes in Microsoft’s Windows operating system. Concurrently, Microsoft experienced disruptions in its Azure cloud and 365 services, though the exact cause of the issues remained unclear.
