NASDAQ has recovered from the recent sell-off after finding demand near the previous-day low at 28,878. Price is now trading back toward the previous-day high around 29,161, making this the immediate resistance and liquidity reference.
The recovery has improved the short-term structure, but sustained acceptance above 29,161 is needed to confirm further upside continuation.
Failure to hold above this area could keep price within the previous-day range and lead to another rotation toward lower levels.
Market Sentiment: Neutral to Bullish
Key Resistance: 29,161
Key Support: 28,878
$Nasdaq $NQ
The recovery has improved the short-term structure, but sustained acceptance above 29,161 is needed to confirm further upside continuation.
Failure to hold above this area could keep price within the previous-day range and lead to another rotation toward lower levels.
Market Sentiment: Neutral to Bullish
Key Resistance: 29,161
Key Support: 28,878
$Nasdaq $NQ
