The price of NASDAQ is currently expected to undergo a bullish correction toward the 29290 pivot level before resuming its downward trend. As long as the price trades below this pivot point, the trend remains bearish toward the support targets at 28950 and subsequently 28770.
However, if the price manages to break above the 29290 pivot level and confirms a 1-hour candle close above it, a bullish trend will be initiated toward the resistance levels at 29450 and 29600.
Resistance Levels: 29450 – 29600
Support Levels: 28950 – 28770
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.