Stock futures are up, and with all eyes on Powell’s key Jackson Hole speech yesterday, the price fell until it crossed its flat zone again, then reversed and stabilized inside.
Generally, the Direction is uptrending
Uptrend Side: The NASDAQ 100 Index is currently trading at around 19,850. A break above this level could lead to further gains, potentially reaching the next resistance at 20,100. If the price stabilizes above $20,100, it would strongly reinforce the bullish trend.
Downtrend Side: if the price stabilized below 19.550 as a corrective move. However, if the downtrend persists, it may further support a continued decline toward under 19.200, and then it will touch the 18.645 level.