Nasdaq Futures Climb on Upbeat Meta Results and Fed Cut Hopes; Amazon and Apple Earnings Awaited
Technical Analysis:
The price has reached the resistance line as previously mentioned.
Next Outlook: For the Nasdaq to maintain its bearish trend, it must stabilize below the resistance line at 19,625, targeting a move towards 19,220.
Bullish Scenario: Closing a 4-hour candle above 19,625 could push the price to 19,740 and 19,845.
Bearish Scenario: As long as the price trades below 19,625, the bearish trend remains intact. Stability below 19,525 will likely lead to a drop to 19,220.