USNAS100 (Breakout Line, NFP, Jobs data )

Por SroshMayi
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!!!)
Beyond Technical AnalysisNASDAQ 100 CFDnasdaqnfpshortSupport and ResistanceTrend Analysisusnasusnas100
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