Technical Analysis of the NASDAQ Index

The NASDAQ index is moving in an upward trend on the 4-hour timeframe, while showing a corrective bearish move on the 1-hour chart. Prices successfully grabbed the liquidity above the previous day’s high around 25,355, then formed a 4H IFVG zone and dropped lower from it. Therefore, a decline is expected today on the NASDAQ index.

Key Economic News
Market movements are expected to remain calm today due to the U.S. bank holiday.

Liquidity Levels
Prices are expected to decline toward 25,430, then 25,350.
The corrective bearish scenario will be invalidated if prices revisit 25,655.