Nasdaq Range-Bound Amid Uncertainty; Potential Correction Ahead
The Nasdaq appears to be entering a price range, indicating uncertainty at the current levels. Yesterday's PPI data introduced further uncertainty, and considering next week's FOMC meeting, the market may experience a more ambiguous direction. Technically, this price action could suggest a potential correction.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
18800 |
18600 |
18400 |
18000 |
17600 |
17400 |