Nasdaq Faces Uncertainty, Potential Correction Looms
The Nasdaq seems to be entering a phase of price consolidation, signaling uncertainty at present levels. The upcoming Federal Open Market Committee (FOMC) meeting this week could add to the market's uncertainty. From a technical standpoint, this price action might indicate an upcoming correction.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
18800 |
18600 |
18400 |
18000 |
17600 |
17400 |