USNAS100 | Technical Outlook
The Nasdaq is trading under low liquidity conditions due to the Good Friday holiday, which may lead to irregular and volatile price movements.
From a macro perspective, the latest NFP data came stronger than expected, supporting the USD and adding downside pressure on U.S. indices.
Technically:
The market remains under bearish pressure:
As long as price remains below 24085, the downside is expected toward 23890, and a break below this level could extend the bearish trend further
However, a move above 24085 would shift momentum to bullish, targeting 24290 ā 24510
Key Levels:
Pivot Line: 24085
Support: 23890 ā 23650
Resistance: 24290 ā 24510