Nasdaq Bearish Outlook Below 18,920 Ahead of Key Economic Data

Nasdaq Technical Analysis

The Nasdaq price has declined and stabilized below the pivot range of 18,920, indicating a bearish trend.

As long as the price remains below 18,760 and 18,920, further downside is expected, with potential targets at 18,420. A break below this level could extend the bearish trend.

For a bullish reversal, the price would need to stabilize above 18,920, with an upward move towards 19,160.

The upcoming release of the NFP and Unemployment Rate will also have a significant impact on the market. Results below expectations would be positive for the indices.

Key Levels:

Pivot Range: 18,760 - 18,920
Resistance Levels: 19020, 19185, 19390
Support Levels: 18560, 18420, 17900

Expected Trading Range: 18,930 - 18,420

Trend: Bearish while below 18,760.