Nasdaq Analysis - Dec 27, 2024

Hello, this is Greedy All-Day.
Today's analysis focuses on Nasdaq.



Before starting today's briefing, let me share the results from the previous analysis.
For the buy perspective, the entry price was not reached, so there were no positions to report.
On the other hand, for the sell perspective, the break of the upward trendline occurred at the start of the European session. After the breakout, the market transitioned into a downward momentum, resulting in a decline of approximately $140.
For a single contract, this equated to a profit of $2,800.



Now, let's start with the sell perspective.
Currently, we are observing a break below the extended upward trendline.
While a short-term correction could occur, I do not strongly recommend entering at this time.
For today's sell recommendation, I suggest entering below the green box at 21,816.
This corresponds to the left-side supply zone, with a maximum target of the red box at 21,543.



Next, let's look at the buy perspective.
The first entry point would be a breakout above the resistance trendline, which is currently around 22,060.
For the second entry, it would be at the top of the frame around 22,111.
Regarding targets:
For Target 1, the entry of the first position will aim for the second entry level as the goal.
Beyond that, the next resistance levels are 22,210 and 22,296.

Conclusion

Thank you for your hard work this week. Wrap things up well, and let’s prepare for next week!