NASDAQ Analysis: Navigating Key Levels Amid PPI Impact

12 Jul

Technical Analysis: New All-Time Highs and Next Outlook

• Next Outlook:
  The price has retreated from its historic high of 20800 and has stabilized below the pivot line.
  
  
• Bullish Scenario:
  For the price to stabilize in the bullish zone, it must remain above 20090.
  
  
• Bearish Scenario:
  If the bearish momentum continues, the price is expected to decline until it reaches the support line at 20090. Stabilization below this level could lead to further drops to 19845 and 19625.
  
  
• Key Levels:
  - Pivot Line: 20200
  - Resistance Levels: 20410, 20720, 20900
  - Support Levels: 20085, 19845, 19625
  
  
• Today's Expected Range:
  The price is anticipated to fluctuate between the support at 19845 and the resistance at 20410.
  
  
• Product Price Index (YoY) (June) Impact:
  With the expected result of 2.3%, the Product Price Index is likely to exert bearish pressure on the indices.
  
  In summary, the market's direction will be significantly influenced by the ability to maintain key support levels and the impact of the Product Price Index. Monitoring these factors will be essential for anticipating future movements.