Nasdaq Technical Analysis:
Futures subdued ahead of a data-packed week, Powell's comments awaited
Currently, the price needs to stabilize below 20,080 to target 19,900, with a potential further decline to 19,690 by breaking 19900.
On the other hand, if the price stabilizes above 20,080, it could aim for 20,350 and 20,540.
Key Levels:
Pivot Point: 19980
Resistance Levels: 20080, 20,190, 20,350
Support Levels: 19,900, 19,690, 19,540
Expected Trading Range for Today: 20080 to 19800
Trend:
Bearish: while under 20080
Bullish: If 20,080 is broken