Nasdaq Eyes Breakout as Futures Stall Before Fed Minutes

8월 21일

Futures stall in lead-up to payrolls revisions, Fed minutes

Nasdaq Technical Analysis:

The price remains consolidated between 19625 and 19840, awaiting a decisive breakout.

Bullish Scenario:
A potential pullback to 19625 could precede the continuation of the bullish trend. Sustained stability above 19625 would support an upward move toward 19840. A 4-hour candle close above 19840 would likely propel the price towards 20100.

Bearish Scenario:
If the price breaks below 19625, confirmed by a 4-hour candle close beneath this level, a bearish trend may develop, targeting 19390 and potentially testing the 19210 support level.

Key Levels:
Pivot Point: 19730
Resistance Lines: 19840, 20100, 20260
Support Lines: 19590, 19390, 19220

Expected Trading Range Today: 19525 to 20100

Trend: Bullish above 19625