At today’s market open, the NASDAQ index started to decline and is currently heading to test the key support level at 23,000.
🔻 Bearish Scenario:
If the price breaks below 23,000 and holds, it is likely to move lower towards the next support level at 22,700.
🔺 Bullish Scenario:
If the price rebounds and breaks above 23,260, holding above it may support further upside toward 23,350.
🔻 Bearish Scenario:
If the price breaks below 23,000 and holds, it is likely to move lower towards the next support level at 22,700.
🔺 Bullish Scenario:
If the price rebounds and breaks above 23,260, holding above it may support further upside toward 23,350.
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