USNAS100 | Technical Overview
The Nasdaq index continues to show weakness below 24460, keeping bearish pressure dominant in the short and medium term.
Technical Outlook
As long as the price remains below the pivot line at 24460, the bearish momentum is expected to continue toward 24150.
A break below 24150 opens the door for a deeper move toward 23930.
If the market closes a 4H candle below 23930, this will confirm a stronger bearish trend targeting 23700.
On the other hand, bullish momentum will only be activated if the price closes a 1H or 4H candle above 24760, which would signal a reversal toward higher levels.
Key Levels
Pivot Line: 24460
Support: 24150 · 23930 · 23700
Resistance: 24580 · 24760 · 25200
The Nasdaq index continues to show weakness below 24460, keeping bearish pressure dominant in the short and medium term.
Technical Outlook
As long as the price remains below the pivot line at 24460, the bearish momentum is expected to continue toward 24150.
A break below 24150 opens the door for a deeper move toward 23930.
If the market closes a 4H candle below 23930, this will confirm a stronger bearish trend targeting 23700.
On the other hand, bullish momentum will only be activated if the price closes a 1H or 4H candle above 24760, which would signal a reversal toward higher levels.
Key Levels
Pivot Line: 24460
Support: 24150 · 23930 · 23700
Resistance: 24580 · 24760 · 25200
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.