Nasdaq Index Poised for Potential Breakout Amid Mixed Sentiment

As of July 23, 2024, the Nasdaq index is currently trading between 19,750 and 20,000. Today's market activity was notably choppy, reflecting investor uncertainty and mixed sentiment. However, we anticipate a potential breakout tomorrow as the market braces for significant economic data releases, including the Flash Manufacturing PMI and the latest unemployment claims on Thursday. These reports are likely to provide clearer direction and could catalyze substantial movements in the index.