Technical Analysis of the NASDAQ Index
The NASDAQ index declined yesterday, Tuesday, during the U.S. session, dropping from the 25083 level to sweep the liquidity below Monday’s low. Prices then started to rise again after filling the FVG on the 4-hour timeframe. Currently, prices are trading around 24903, and a bullish move is expected today.
Key Economic News
The U.S. dollar is awaiting the release of the Federal Reserve meeting minutes today, which are expected to have a notable impact on market movements, especially on the indices.
Liquidity Levels
Prices are expected to rise and target 24938, then 25022, and finally 25083.
The bullish scenario will be invalidated if prices revisit the 24818 level.
