After yesterday’s drop to 24,990, which represents the golden Fibonacci retracement zone (as mentioned in the previous analysis), the NASDAQ index rebounded today, reaching 25,100, a nearby support zone expected to trigger a bullish continuation toward retesting the all-time high at 25,190.
If the index breaks above 25,190 and holds, it may target 25,280 as the next resistance level.
🔻 Bearish Scenario:
If the price breaks below 25,100 and stabilizes beneath it, a decline toward the recent low at 24,990 becomes likely.
If the index breaks above 25,190 and holds, it may target 25,280 as the next resistance level.
🔻 Bearish Scenario:
If the price breaks below 25,100 and stabilizes beneath it, a decline toward the recent low at 24,990 becomes likely.
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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.