Nasdaq Overbought at 18,400, Possible Correction to 17,600
Nasdaq's price movement reflects uncertainty, with the 18,400 level acting as a resistant barrier, compounded by overbought conditions causing pressure on the price. There's a potential for a correction towards 17,600. Adding to the complexity, today's Consumer Price Index (CPI) data can significantly impact the index.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
18800 |
18600 |
18400 |
17600 |
17400 |
17200 |