NASDAQ Technical Analysis: CPI Impact on Bearish Momentum
#NAS100USD#
Technical Analysis
The price will trade under bearish momentum and high volatility due to the CPI data we have Today, as expectation the indices should trade at the bearish area, on the other hand technically side, as long as Nasdaq trades below 21535 and 21410 will be bearish toward 21220 especially if the result published more than expected which is 2.7%.
Otherwise, CPI Less than 2.7% will support bullish to get a new ATH especially if close 4h candle above 21535.
Key Levels:
Pivot Point: 21480
Resistance Levels: 21570, 21670, 21870
Support Levels: 21320, 21220, 21150
Trend Outlook: Bearish Momentum with some correction
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