Nasdaq Awaits CPI Report with Potential for Volatility &Breakout
Nasdaq Technical Analysis
U.S. futures remain steady ahead of the highly anticipated CPI report, which is expected to significantly impact market direction. Projections suggest the CPI will come in around 2.5%, signaling a weaker USD and likely driving indices into a strong bullish trend. However, if the CPI exceeds 2.7% or 2.8%, market movements may become unpredictable, with the potential for a downward shift.
The Nasdaq is expected to consolidate between 18,630 and 18,930 until a breakout occurs, with heightened volatility likely around the release of the inflation data.
If the CPI results are lower than expected, the price could surge toward 19,220, with the possibility of reaching 19,625, particularly if the price stabilizes above 18,220. On the other hand, a higher-than-expected CPI result (around 2.8%) may create volatility and support a decline toward 18,340.
U.S. futures remain steady ahead of the highly anticipated CPI report, which is expected to significantly impact market direction. Projections suggest the CPI will come in around 2.5%, signaling a weaker USD and likely driving indices into a strong bullish trend. However, if the CPI exceeds 2.7% or 2.8%, market movements may become unpredictable, with the potential for a downward shift.
The Nasdaq is expected to consolidate between 18,630 and 18,930 until a breakout occurs, with heightened volatility likely around the release of the inflation data.
If the CPI results are lower than expected, the price could surge toward 19,220, with the possibility of reaching 19,625, particularly if the price stabilizes above 18,220. On the other hand, a higher-than-expected CPI result (around 2.8%) may create volatility and support a decline toward 18,340.
- Key Levels:
Pivot Point: 18800
Resistance Levels: 18930, 19220, 19625
Support Levels: 18630, 18340, 17890 - Expected Trading Range: 18340 - 19220
- Trend: Bullish Movement with High Volatile of CPI
Transakcja zamknięta: osiągnięto wyznaczony cel
USNAS100
Update
The price pushed up about 550 pip and still running to get 19625 because already stabilized at the bullish zone
timeframe 4h
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t.me/Srosh_signals
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SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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