Nasdaq Technical Analysis Markets Remain Volatile Awaiting Jobs Data
Next Outlook: The price is expected to consolidate between 17,900 and 17,590 until a breakout occurs.
Bullish Scenario: For a bullish trend to develop, the price needs to stabilize above 17,900 by closing a 4-hour candle above this level, which could support a rise towards 18,420.
Bearish Scenario: Stability below 17,900 will support a decline towards 17,590. Further stability below 17,590 could drive the price downward to 17,050.