Technical Analysis: Bullish Momentum Amid Earnings Season
Next Outlook: The Nasdaq maintains a bullish trend as long as it trades above 20085. Stability below 20385 may trigger a retest down to 20085, whereas stability above 20385 indicates a potential push up to 20725.
Bullish Scenario: As long as the price trades above 20385, targets are set at 20540 and 20725.
Bearish Scenario: The price needs to stabilize below 20385 and close a 1-hour or 4-hour candle under this level to target 20085. A break below 20085 would open the path to a bearish zone, aiming for 19845 and 19625.