Nasdaq Index Scenarios of possible directions

Prepared 3 Scenarios coming into this week (7/9/21 - 10/9/21).

Scenario 1: Price breaks out of strong Resistance at 15700, retest the 15700 or MA20 or trendline (Bullish Sentiment)

Scenario 2: As of 14:35 (7/9/21) Price is likely to do ABC setup and close below 15673, TP around ~15600 (Bullish Sentiment)

Scenario 3: Price break out of strong support at 15600 and close below it, possible market pullback. (Bearish Sentiment