Nasdaq Nears Critical 19,845 Resistance and is trying to stabilize above it.
Next Outlook: The Nasdaq is approaching 19,845, a key resistance level. A successful break above this level would target 20,085. Conversely, sustained trading below 19,525 could signal the start of a bearish trend.
Bullish Scenario: If the Nasdaq maintains stability above 19,845, it is likely to test 20,085. A break above 19,845, would open the path to 20,085.
Bearish Scenario: To confirm a downtrend, the Nasdaq must break below both 19,625 and 19,525, with a potential decline extending to 19,100.