NASDAQ Bearish Trend Persists: Key Levels and Targets for TodayTechnical Analysis: Price Reversal in Focus
After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
Today's Outlook:
The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.
Bearish Scenario:
As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.
Bullish Scenario :
For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.
Key Levels:
- Pivot Line: 19840
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
Usnas100
USNAS100 Analysis and Nasdaq's AI Surge Amid Fed UncertaintyUSNAS100 Technical Analysis: Focus on Price Reversal
Today's Outlook:
The price has reversed and stabilized in the bullish zone after surpassing the resistance level at 19800, suggesting a continued upward trajectory towards 19960 and potentially breaching the all-time high.
Bullish Scenario:
As long as the price remains above 19800, the bullish trend is expected to continue, with targets set at 19960 and 20100.
Bearish Scenario:
To trigger a bearish trend, the price needs to close at least a 4-hour candle below 19795, potentially leading to a decline towards 19625. A sustained drop below 19525 would activate a bearish zone, with further downside targets at 19100.
Key Levels:
- Pivot Line: 19800
- Resistance Levels: 19960, 20100, 20250
- Support Levels: 19625, 19525, 19250
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19625 and the resistance at 20100, with a prevailing expectation of a downward trend for today.
In summary, the outlook remains bullish above the pivot line, with potential targets at 19960 and 20100. However, a close below 19795 could signal a shift towards a bearish trend, targeting 19625 and lower levels.
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Nasdaq Surges on AI Stock Rally; Dow Dips Ahead of Key Inflation Data
The Nasdaq surged on Tuesday as Nvidia and other AI-linked stocks rebounded following recent selloffs. Meanwhile, the Dow slipped from its one-month high as investors awaited key inflation data later this week to gauge the Federal Reserve's monetary policy trajectory.
"If the economic data continues to weaken, equities might have to take a breather unless and until a September rate cut becomes more likely," said John Velis, Americas macro strategist at BNY Mellon.
Market participants currently see a 61% chance of a 25-basis point interest rate cut in September and are anticipating approximately two cuts by the end of the year, according to LSEG's FedWatch data.
The most anticipated event of the week is the release of the personal consumption expenditures (PCE) price index on Friday, the Fed's preferred measure of inflation.
However, Fed Governor Michelle Bowman indicated that she does not foresee any reduction in the U.S. benchmark interest rate this year.
USNAS100 (LIKELY STARTING A BEARISH TREND)with retest possibiltyTechnical Analysis: Price Reversal in Focus
After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
Today's Outlook:
The bearish trend is expected to continue as long as the price remains below the pivot zone which is 19625 and 19800, potentially targeting 19250 and 19100.
Bullish Scenario:
For a bullish reversal, the price needs to rise above 19800, aiming for targets of 19960 and 20100.
Bearish Scenario:
As long as the price trades below 19625, the bearish trend is likely to persist, with targets at 19520 and 19250, supported by strong bearish volume.
Key Levels:
- Pivot Line: 19625
- Resistance Levels: 19800, 19960, 20100
- Support Levels: 19525, 19250, 19110
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19250 and the resistance at 19800, with a downward trend expected for today.
USNAS100 / Bearish Reversal Following All-Time HighTechnical Analysis: Price Reversal
After reaching an all-time high, the price has reversed.
Today's Outlook:
The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.
Bullish Scenario:
For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.
Bearish Scenario:
As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.
Key Levels:
- Pivot Line: 19840
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
USNAS100 New All-Time High with Strong Bullish MomentumTechnical Analysis: New All-Time High with Strong Bullish Momentum
The price has recorded a new all-time high, indicating strong bullish momentum.
Today's Outlook:
The indices market is expected More bullish due to the high market cap volume.
Bullish Scenario:
As long as the price trades above 19885 means will continue the bullish trend to get 20250 with correction till 19885
Bearish Scenario:
If the price breaks below 19,880 and closes a 4-hour candle under this level, it may enter a downtrend, targeting the demand zone between 19,625 and 19,525.
Key Levels:
- Pivot Line: 19,885
- Resistance Levels: 20,050, 20,150, 20,250
- Support Levels: 19885, 19525, 19230
Today's Expected Range:
The price is expected to fluctuate between the support at 19,525 and the resistance at 20,250.
USNAS100 New All-Time High with Strong Bullish MomentumTechnical Analysis: New All-Time High with Strong Bullish Momentum
The price has recorded a new all-time high, indicating strong bullish momentum.
Today's Outlook:
The indices market is expected to be volatile due to upcoming retail data releases.
Bullish Scenario:
If the price remains stable above 19,880, it is likely to continue the bullish trend, potentially reaching 20,250.
Bearish Scenario:
If the price breaks below 19,880 and closes a 4-hour candle under this level, it may enter a downtrend, targeting the demand zone between 19,625 and 19,525.
Key Levels:
- Pivot Line:** 19,880
- Resistance Levels: 20050, 20150, 20250
- Support Levels: 19685, 19525, 19255
Today's Expected Range:
The price is expected to fluctuate between the support at 19,525 and the resistance at 20,060.
In summary, stability above 19,880 favors a bullish outlook with higher resistance targets, while a break below this level suggests a potential bearish trend toward lower support zones.
Fundamental Analysis: S&P 500 and Nasdaq Futures Near Record Highs Ahead of Key Data
Market Overview:
U.S. stock index futures were steady on Tuesday, with those tracking the S&P 500 and the Nasdaq hovering near record highs. This comes ahead of crucial retail sales data and commentary from several Federal Reserve officials.
Key Economic Data:
Focus is now on fresh economic data from the United States, including:
- May Retail Sales: This data will be closely watched for insights into consumer spending.
- Industrial Production: A key indicator of economic health.
- Business Inventory Data: Provides insights into supply chain dynamics and business confidence.
Federal Reserve Commentary:
Comments from U.S. Federal Reserve officials will be scrutinized for their views on the current economic situation and future monetary policy. Recent projections indicate that the Fed now anticipates just one interest rate cut this year, down from the three previously forecasted.
In summary, the market is poised for potential volatility as investors await key economic data and insights from Federal Reserve officials, which could provide direction on future monetary policy.
Nasdaq Eyes New Highs Amid Bullish MomentumTechnical Analysis: USNAS100
The price has reached the resistance line at 19,100, indicating a sustained bullish trend. If the price stabilizes above 19,100, it is expected to continue its bullish movement towards 19,440. However, a retest down to 18,940 is likely before the bullish trend resumes. A break below 18,930 on a 4-hour candle close would signal a bearish shift towards 18,820, leading to consolidation between 19,100 and 18,940.
Bullish Scenario:
For the bullish trend to persist, the price needs to break above 19,100, with potential targets at 19,250 and 19,450. As long as the price trades above 18,930, the bullish trend remains intact.
Bearish Scenario:
Stabilization below 18,930 would indicate a move towards 18,820. A further break below 18,820, confirmed by a 1-hour candle close, would signal a downtrend towards 18,600.
Key Levels:
- Pivot Line: 19,100
- Resistance Levels: 19200, 19300, 19450
- Support Levels: 18940, 18820, 18710
Today's Expected Range:
The price is expected to move between the support at 18,820 and the resistance at 19,450.
USNAS100 Bearish Trend Emerges After Bullish Targets ReachedTechnical Analysis Nasdaq
The price has reached all our bullish targets perfectly and now appears to be entering a bearish trend.
Today's Outlook:
The price has stabilized below the resistance line at 19,650, consolidating between 19,625 and 19,525.
Bullish Scenario:
To re-enter a bullish trend, the price must break above 19,625 and close a 4-hour candle above this level, potentially targeting 19,760.
Bearish Scenario:
As long as the price remains below 19,625, it is likely to drop towards 19,230. A 1-hour candle close below 19,525 would confirm the bearish trend, with further potential declines.
Key Levels:
- Pivot Line: 19,570
- Resistance Levels: 19,710, 19,820, 19,980
- Support Levels: 19,450, 19,230, 19,100
Today's Expected Range:
The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625.
In summary, maintaining a position below 19,625 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could indicate a shift back to a bullish trend.
(NASDAQ) CPI & Fed Rate: Key Drivers for Market Volatility TodayTechnical Analysis Nasdaq
The price reached the target we mentioned yesterday and has now achieved 19,250.
Today's Outlook:
Today, the market is expected to be volatile due to the CPI release and the Federal Reserve's rate decision. A CPI reading below 3.4% is likely to support an uptrend, while a reading above 3.4% could negatively impact the indices.
Bullish Scenario:
If the CPI is below 3.4%, as long as the price trades above 19,100 and 19,220, the bullish trend is expected to continue towards 19,450. It is possible that the price may retest 19,100 before resuming the bullish trend.
Bearish Scenario:
If the CPI is above 3.4%, stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by a 1-hour candle close, would signal a downtrend towards 18,810.
Key Levels:
- Pivot Line: 19,200
- Resistance Levels: 19450, 19570, 19720
- Support Levels: 19100, 18940, 18810
Today's Expected Range:
The price is expected to move between the support at 18,940 and the resistance at 19,570.
Our Previous Prediction:
USNAS100 (Breakout Line, NFP, Jobs data )Futures Trade Cautiously Ahead of Jobs Data
U.S. stock index futures showed minimal movement on Friday as investors awaited a crucial employment report. This report is expected to confirm increasing slack in the U.S. labor market, potentially providing the Federal Reserve with more flexibility to cut interest rates later this year.
Technical Analysis
the price will move between 19100 and 18940 till breaking, stability above 19100 means the NFP is good and will continue the bullish trend to get 19250 and 19450
otherwise, stability under 18940 means will drop to 18820
Bullish Scenario: For the bullish trend to continue, the price needs to break above 19,100, with potential targets of 19,250 and 19,450.
Bearish Scenario: Stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by closing at least a 1-hour candle, would signal a downtrend towards 18,800.
Pivot Line: 19100
Resistance Levels: 19200, 19300, 19450
Support Levels: 18940, 18820, 18710
Today's range is expected to be between the support at 18820 and the resistance at 19450.
previous idea:
USNAS100 (Bullish Possibility after correction!!!)Technical Analysis
the price reached around the resistance line and dropped to touch its support line, and again reversed so now the price is still above the support line,
Bullish Scenario: As long as the price remains above 18435, it is likely to reach 18,735 and potentially 18,820.
Bearish Scenario: A stabilization below 18435 would suggest a bearish trend, targeting 18235 and 18150.
Pivot Line: 18435
Resistance Levels: 18650, 18820, 18940
Support Levels: 18250, 18140, 17880
Today's range is expected to be between the support at 18235 and the resistance at 18940.
USNAS100 (More Bullish or Yet...)Technical Analysis
The price is expected to continue its bullish trend toward 18,735, having already stabilized in the bullish zone. The movement range will likely be between 18,550 and 18,820 until a breakout occurs.
Bullish Scenario: As long as the price remains above 18,600, it is likely to reach 18,735 and potentially 18,820.
Bearish Scenario: A stabilization below 18,550 would suggest a bearish trend, targeting 18,435 and 18,240.
Pivot Line: 18600
Resistance Levels: 18735, 18820, 18940
Support Levels: 18550, 18435, 18250
Today's range is expected to be between the support at 18230 and the resistance at 18820.
USNAS100 (Futures Slip Amid Rate-Cut Uncertainty)Futures Slip Amid Rate-Cut Uncertainty
Uncertainty over how long the Federal Reserve will maintain elevated interest rates weighed on U.S. stock index futures on Thursday. Investors remained cautious ahead of crucial economic data that could provide insights into the state of the economy.
Technical Analysis:
As mentioned in the previous analysis, the price dropped. Today, we anticipate the GDP report, which is expected to be bullish for the indices, with a projected growth of 1.2%. However, if the GDP exceeds 1.2%, it could lead to a decline towards 18,550 as the first bearish target.
Conversely, a bullish scenario will be activated if the price stabilizes above 18,820, targeting 18,940.
Pivot Line: 18735
Resistance Levels: 18820, 18940, 19100
Support Levels: 18550, 18440, 18250
Today's range is expected to be between the support at 18440 and the resistance at 19,100.
previous idea:
USNAS100 (BEARISH SCENARIO...)USNAS100 Technical Analysis:
The price reached the resistance line at approximately 18,920 and reversed by about -0.80%. It is now expected to retest 18,800 before continuing the bearish trend towards 18,650 and 18,550. The overall direction for today is a downtrend.
However, a bullish scenario will be activated if the price stabilizes above 18,820, targeting 18,940.
Pivot Line: 18800
Resistance Levels: 18940, 19100, 19210
Support Levels: 18650, 18550, 18440
Today's range is expected to be between the support at 18440 and the resistance at 19,100.
USNAS100 (More bullish ...)USNAS100 new forecast
Technical Analysis:
The price broke the resistance line was 18820,
so now it will try to reach the next resistance trend which is 18980 and above it will get 19100,
otherwise, it should break 18820 to be a bearish trend till 18730 and 18570
Pivot Line: 18,820
Resistance Levels: 18,980, 19,100, 19,210
Support Levels: 18,735, 18,550, 18,440
Today's range is expected to be between the support at 18,550 and the resistance at 19,100.
USNAS100 (2H, Toward Bearish Station)Technical Analysis:
For the NASDAQ, as long as the price trades below 18,820, it is likely to drop to 18,735. To continue the bearish trend towards 18,550, the price must break below 18,735. Conversely, if the price stabilizes above 18,820, a bullish scenario will be activated, supporting a rise towards 19,100.
Pivot Line: 18,820
Resistance Levels: 18980, 19100, 19210
Support Levels: 18735, 18550, 18440
Today's range is expected to be between the support at 18,550 and the resistance at 19,100.
The price fell despite strong NVDA earnings. What's the cause?Nasdaq Falls 2.0% Amid Investor Uncertainty and Fed Caution
The Nasdaq fell by 2.0% on a subdued Thursday as investors adjusted their portfolios amid shifting market sentiment. The trading session was marked by an uneasy atmosphere following the release of the Federal Reserve's latest meeting minutes, which indicated that central bankers are in no hurry to reduce interest rates .
This cautious stance from the Fed has been a key factor in supporting the recent upward trend in stocks.
Technical Analysis:
The Nasdaq is poised to test the 18,715 level before likely retreating to 18,600. A bearish trend will be confirmed if the price stabilizes below 18,600, potentially driving it down further to 18,435. Conversely, a bullish scenario will emerge if the price breaks above the 18,660 threshold.
pivot line: 18710
Resistance Price: 18790, 18920, 19100
Support price: 18550, 18440, 18250
Its range for Today will be between Support 18250 and Resistance 18790
USNAS100 (Reached the Target and Still Continue)USNAS100 New Forecast
The price continues to experience bullish pressure, targeting further gains to reach a new all-time high.
As previously mentioned, the price surge, driven by NVDA earnings, has already resulted in an increase of approximately 280 points. Currently, the price is expected to correct to the previous support level at 18,790 before resuming its bullish trend towards 18,980 and 19,100.
A bearish scenario will be triggered if the price breaks below the pivot line at 18,610.
pivot line: 18790
Resistance Price: 18980, 19100, 19250
Support price: 18660, 18600, 18435
Its range for Today will be between Support 18660 and Resistance 19100
Previous idea:
NAS100 FORECASTThe current forecast for OANDA:NAS100USD indicates a likely bullish trend. As long as the 4h candle opens above 18550, the index is expected to trend upwards, initially reaching 18725 and then continuing to the strong bullish target of 18805. Conversely, if the 4h candle opens below 18550, the trend will likely shift downward, first reaching 18415 and then moving to the strong bearish support at 18330.
Key Levels:
Bullish Line: 18675, 18725, 18805
Pivot Line: 18550
Bearish Line: 18475, 18415, 18330
USNAS100 (Bullish Movement)USNAS100 New Forecast
The price remains under bullish pressure, aiming for further gains to record a new all-time high.
As long as it trades above 18660, the bullish trend is expected to continue towards 18790, 18950, and 19100. However, if the price reverses and stabilizes below 18600, it indicates a correction down to 18435.
pivot line: 18660
Resistance Price: 18790, 18950, 19100
Support price: 18555, 18435, 18230
Its range for Today will be between Support 18550 and Resistance 18880
Previous idea:
USNAS100 (More Bullish Pressure)USNAS100 New Forecast
The price remains under bullish pressure, aiming for further gains to record a new all-time high.
As long as it trades above 18650, the bullish trend is expected to continue towards 18790, 18950, and 19100. However, if the price reverses and stabilizes below 18600, it indicates a correction down to 18435.
pivot line: 18655
Resistance Price: 18790, 18950, 19100
Support price: 18555, 18435, 18230
Its range for Today will be between Support 18550 and Resistance 18790
USNAS100 (Rally with some Correction)USNAS100 New Forecast
The price maintains bullish pressure due to NVIDIA's strong profits.
Technically, a correction is anticipated down to 18435. Stability below this level would indicate a continuation of the bearish trend towards 18235. Conversely, stability above 18661 would support a bullish trend, with the first target being 18790.
pivot line: 18600
Resistance Price: 18660, 18880, 19100
Support price: 18435, 18250, 17990
Its range for Today will be between Support 18235 and Resistance 18790
On the economic data front, weekly initial jobless claims, S&P global flash PMI readings and durable goods data are due through the week.
Global market participants were also closely watching out for developments around the death of Iranian President Ebrahim Raisi, a hardliner seen as a potential successor to Supreme Leader Ayatollah Ali Khamenei, in a helicopter crash.
USNAS100 4H : Support further rise upUS NAS 100
New forecast
The index price activated the upward impulse again, taking advantage of its recent stability above the level of 16905, to notice that it exceeded the first stable level at 17200, recording additional gains, to currently settle near 17350.
We point out that the continuation of presenting the main indicators of positive momentum and breaking the 17450 level may facilitate the task for the price, enabling it to record additional historical gains that may extend towards 17600 and reach 17800 in medium-term trading.for reminder that stabilized under 17200 will put the price under negative correction .
The expected trading range for today is between support 17200 and resistance 17805 until stabilized .
support line : 17450 , 17604
resistance line : 17200 , 16905
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