Nasdaq Technical Analysis
The price has reversed and stabilized above the pivot line at 18,425.
Next Outlook:
The price is expected to consolidate between 18,415 and 18,680 until a breakout occurs.
Bullish Scenario:
Stability above 18,420 will support a bullish trend toward 18,680, with potential to reach 18,910.
Bearish Scenario:
If the price drops and stabilizes below 18,420, it may decline toward 18,325. Continued stability below this level could further support a fall toward 17,900.
Key Levels:
Pivot Line: 18,435
Resistance Levels: 18680, 18910, 19100
Support Levels: 18325, 17910, 17625
Today's Expected Trading Range:
The price is anticipated to fluctuate between 18,911 and 18,325.
Tendency: Uptrend, as long as trading remains above 18,425.