NASDAQ
Nasdaq is trading above the support area of $24,500. A price decline and a retest of the mentioned support level are likely. However, this scenario would be invalidated if the price breaks above the $25,100 resistance level in today’s trading.
|
Support |
24500 | 24000 | – |
| Resistance | 25100 | 25500 |
– |
Nasdaq Index experienced noticeable volatility following the strong gains recorded the previous day, as it lost its upward momentum amid a renewed sense of caution in the markets. Risk appetite among investors declined while awaiting earnings reports from major technology companies, coupled with persistent concerns about a slowdown in global economic growth. Despite attempts by the index to maintain its earlier gains, limited selling pressure pushed it toward a downward trajectory, signaling a lack of sufficient momentum to sustain the uptrend in the short term.
You can now benefit from LDN company’s services through the LDN Global Markets trading platform.
