USNAS100 – Overview
The Nasdaq is set for a highly volatile session as markets await the Federal Reserve’s rate decision later today.
Traders widely expect a 25 bps cut, but a surprise 50 bps cut—though less likely—would signal stronger confidence in stable inflation and U.S. economic health, fueling a strong bullish rally.
Even if the Fed delivers the expected 25 bps cut, the key market mover will be Chair Powell’s press conference and the updated dot plot, which could reshape expectations for future easing.
Technical Outlook
📉 Bearish scenario
While trading below 24,300, price shows potential for a pullback toward 24,115.
A confirmed break below 24,115 would extend the bearish move toward 23,870 → 23,700.
📈 Bullish scenario
Stabilization above 24,115 keeps the broader uptrend intact.
A breakout above 24,300 would confirm bullish momentum, targeting 24,550 → 24,700 → 24,850.
📌 Market Context:
50 bps cut + dovish Powell → strong bullish breakout above 24,300 toward 24,550+.
25 bps cut + cautious guidance → moderate moves; price may remain range-bound or retest 24,115 before resuming higher.
Hawkish tone → deeper correction toward 23,870 or lower.
The Nasdaq is set for a highly volatile session as markets await the Federal Reserve’s rate decision later today.
Traders widely expect a 25 bps cut, but a surprise 50 bps cut—though less likely—would signal stronger confidence in stable inflation and U.S. economic health, fueling a strong bullish rally.
Even if the Fed delivers the expected 25 bps cut, the key market mover will be Chair Powell’s press conference and the updated dot plot, which could reshape expectations for future easing.
Technical Outlook
📉 Bearish scenario
While trading below 24,300, price shows potential for a pullback toward 24,115.
A confirmed break below 24,115 would extend the bearish move toward 23,870 → 23,700.
📈 Bullish scenario
Stabilization above 24,115 keeps the broader uptrend intact.
A breakout above 24,300 would confirm bullish momentum, targeting 24,550 → 24,700 → 24,850.
📌 Market Context:
50 bps cut + dovish Powell → strong bullish breakout above 24,300 toward 24,550+.
25 bps cut + cautious guidance → moderate moves; price may remain range-bound or retest 24,115 before resuming higher.
Hawkish tone → deeper correction toward 23,870 or lower.
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.