NASDAQ What will happen with the conflict in Israel?

24 oct 2023

The controlled progress of the US technology stocks index led to a 0.30% increase in the closing. The day started with an initial weakness and an opening at 14,514.1 points, below the lows of the previous session, but during the day, we witnessed a strengthening of prices. The technical analysis of the Nasdaq 100 reveals an expansion of the downtrend line, with a test of the support level at 14,403.1 and a resistance area identified at 14,964.3. The bearish structure suggests the possibility of testing new lows, which could be around 14,201.4. Exploring a potential initial bearish scenario, as seen during the Asian session, followed by a bullish outlook towards 15,300, could be interesting. Share your thoughts, and if you find this analysis helpful, feel free to give it a "like." Greetings from Nicola, the CEO of Forex48 Trading Academy.