USNAS100 Stabilizes in Bullish Zone, Reaches New All-Time High

13 Jun

Technical Analysis: NASDAQ

The price reached all our targets perfectly as mentioned yesterday.

• Today's Outlook:
  The price has stabilized in the bullish zone and achieved a new all-time high of 19,670. As long as the price remains above 19,570, the bullish trend is expected to continue.
  
  
• Bullish Scenario:
  As long as the price trades above 19,570, it is likely to continue the bullish trend, targeting 19,720 as the first bullish milestone.
  
  
• Bearish Scenario:
  A bearish trend will be activated if the price breaks below 19,570, potentially dropping to 19,450. A further break below this level could continue the trend towards 19,250 and 19,100.
  
  
• Key Levels:- Pivot Line: 19,570
  - Resistance Levels: 19,710, 19,820, 19,980
  - Support Levels: 19,450, 19,250, 19,100
  
• Today's Expected Range:
  The price is expected to fluctuate between the support at 19,230 and the resistance at 19,720.
  
  In summary, maintaining a position above 19,570 supports a bullish outlook with higher resistance targets, while trading below this level suggests a bearish trend with lower support levels in focus.
  
  Previous idea: