June 2024 ISM Manufacturing PMI Below Expectations at 48.5

US stock futures showed declines on Tuesday, with S&P 500 contracts down by 0.4%, the Dow Jones futures dropping approximately 120 points, and Nasdaq 100 futures declining by 0.5%. Investors were preparing for the release of the important JOLTS report and Federal Reserve Chair Powell's comments at the ECB Forum, focusing on labor market strength and monetary policy expectations. In premarket trading, Microsoft and Apple both fell by 0.4%, Nvidia by 1.2%, and Meta also saw declines. Tesla was down around 1.6% ahead of its anticipated second-quarter delivery report.

In the short term, if Nasdaq continues its consolidation, the first resistance level in a potential upward movement would be at 20,070, followed by 20,230 and 20,345. On the downside, the initial support level stands at 19,800, with subsequent levels at 19,700 and 19,465.

ance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
20,345	20,230	20,070	19,800	19,700	19,465