Nasdaq Technical Analysis:
Futures dip ahead of labor data; Powell signals modest rate cuts
Currently, the price needs to stabilize below 20,080 to target 19860, with a potential further decline to 19,690 by breaking 19860.
On the other hand, if the price stabilizes above 20180, it could aim for 20450 and 20700.
Key Levels:
Pivot Point: 20090
Resistance Levels: 20180, 20420, 20710
Support Levels: 19900, 19,690, 19,540
Expected Trading Range for Today: 19860 to 20280
Trend:
Bearish by stability under 20080
Bullish: If 20280 is broken