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Gtelli

$NASDAQ 3/2

Gtelli  
GLOBALPRIME:NAS100   None
Trend Analysis Technical Indicators Wave Analysis nasdaq SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) spy500
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trendanalysis indicator waveanalysis nasdaq spy spx spy500
The NASDAQ index has entered a buy zone, indicating a potential bullish reversal in the near term. Despite an uptick in selling pressure, buyers have demonstrated persistence in their bids at similar levels. This key zone between 11860 and 12000 holds promise for a bullish momentum, running into the Fed's taper talks. However, a breach of the level at 11978 could trigger a downward shift towards the purple pivot level at 11410, signifying increased pressure from sellers.

Key Technicals Levels

Support at: 11895

Resistance at: 12189
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