USNAS100 6H / REVERSED...

Aug 27

Futures Edge Higher on September Rate-Cut Bets; Nvidia Results in Focus

Nasdaq Technical Analysis
The price rejected from the resistance trend which is 19680,

stability under 19525 will support falling to get 19185, and below it will get 18760
otherwise, stability above 19680 will support a bullish trend toward 19970

Pivot line: 19525
Resistance Line: 19685, 19972, 20100
Support line: 19290, 19185, 18940

Trading Range Today: 19700 to 19185

Trend: Bearish as long as under 19525

Aug 28

Trade closed: target reached

USNAS100
Update

Moving Well +300pip ✅

- As we anticipated, the price has dropped and continues declining toward 19,185.

- To reach 18,760, the price needs to break below 19,185 and close a 4-hour candle beneath this level.

- However, following the New York session, NVIDIA's earnings report could trigger a bullish move, potentially driving the price up to 19,480 or 19,625 before resuming its downward trend toward 18,760.

Time frame 4h
current price 19275