USNAS100 – Nasdaq Awaits GDP Data as Bears Hold Control

2 days ago

USNAS100 – Overview

The Nasdaq 100 holds a bearish bias ahead of today’s key U.S. GDP release, with price action leaning lower as traders brace for potential volatility.
A stronger-than-expected GDP print would likely reinforce downside momentum by reducing Fed rate-cut expectations, while weaker data could provide a bullish lift for tech indices.

Technical View

Bearish Scenario:
The index remains bearish while trading below the 24,560 pivot zone.
Immediate downside targets are 24,385 → 24,140 → 23,870.
🔻 A confirmed 1H close below 24,385 would strengthen momentum toward deeper supports.

Bullish Scenario:
A confirmed 1H close above 24,570 would invalidate the bearish setup and support a move toward 24,660 → 24,810.

Key Levels

Pivot: 24,500
Resistance: 24,570 – 24,660 – 24,810
Support: 24,380 – 24,140 – 23,870

The Nasdaq remains in a data-driven range, with GDP results likely to decide whether price breaks below 24,385 to extend losses or rebounds above 24,570 to retest higher resistance.

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USNAS100 – Update

The Nasdaq 100 remains under bearish momentum ahead of today’s key U.S. PCE inflation report, which is expected to create high volatility across markets.
A stronger PCE reading would likely pressure tech stocks lower by reducing Fed rate-cut expectations, while a softer number could spark a short-term rebound.

📉 Bearish Setup
Path: Price stays bearish while below the 24,460 pivot zone.
Targets: 24,340 → 24,140 → 23,880.
🔻 A confirmed 1H close below 24,340 would strengthen bearish momentum and open the path to deeper supports.
Catalyst: A PCE print near or above expectations would reinforce downside pressure.

📈 Bullish Setup
Path: Bulls need a confirmed 1H close above 24,460 to invalidate the bearish bias.
Targets: 24,590 → 24,810 → 24,900.
Extension: A sustained move above 24,810 could trigger a push toward 25,000 if PCE comes in softer than expected.

The PCE inflation report will be the main catalyst for the next breakout.
Below 24,460: Bears stay in control toward 24,340 and lower.
Above 24,460: Bulls regain momentum toward 24,590 and higher.