USNAS100 at Record Highs on Fed Rate Cut Hopes
Nasdaq indexes held at record highs on Wednesday, supported by growing confidence that the Federal Reserve could restart its monetary policy easing cycle next month.
Technical Outlook:
The price has stabilized in a bullish trend after breaking its all-time high, with a 4H candle closing above it on strong volume.
As long as it trades above 23870, the bullish trend remains intact toward 24090.
To turn bearish, the price would need to close at least 1H below 23870, targeting 23690.
Resistance: 24090, 24190
Support: 23690, 23430
Nasdaq indexes held at record highs on Wednesday, supported by growing confidence that the Federal Reserve could restart its monetary policy easing cycle next month.
Technical Outlook:
The price has stabilized in a bullish trend after breaking its all-time high, with a 4H candle closing above it on strong volume.
As long as it trades above 23870, the bullish trend remains intact toward 24090.
To turn bearish, the price would need to close at least 1H below 23870, targeting 23690.
Resistance: 24090, 24190
Support: 23690, 23430
Trade active
USNAS100 Overview | Update The price is undergoing a bearish correction while trading below 23870.
Today’s PPI release is expected to impact the indices market significantly.
Technical Outlook:
While below 23870, the price may target 23700, and a break below this level could extend the move toward 23435.
A 1H or 4H close above 23870 would indicate a continuation of the bullish trend toward 24090.
Support: 23700, 23530, 23435
Resistance: 23940, 24090
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/
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/
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.