USNAS100 Bearish Momentum Below 18920 with Key Support at 18420
Wall Street seems to be making a habit of these early-month stock plunges, with Tuesday's tremor a mild aftershock from the brief August quake one month ago.
Nasdaq Technical Analysis
The Nasdaq price has stabilized below the pivot line at 18920, signaling a bearish trend,
As long as the price remains under 18920, it will likely continue declining, potentially reaching 18760 and 18420.
However, a break above 18920, will try to reach 19185.
Key levels:
Pivot line: 18920
Resistance Lines: 19020, 19185, 19390
Support lines: 18760, 18560, 18420
Range movement will be between 18970 and 18420
Trend: Bearish, as long as the price remains below 18920.
PREVIOUS IDEA:
Nasdaq Technical Analysis
The Nasdaq price has stabilized below the pivot line at 18920, signaling a bearish trend,
As long as the price remains under 18920, it will likely continue declining, potentially reaching 18760 and 18420.
However, a break above 18920, will try to reach 19185.
Key levels:
Pivot line: 18920
Resistance Lines: 19020, 19185, 19390
Support lines: 18760, 18560, 18420
Range movement will be between 18970 and 18420
Trend: Bearish, as long as the price remains below 18920.
PREVIOUS IDEA:
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