3 min readNASDAQ (NDX):
NASDAQ continues to experience downward pressure, with the price currently trading below $21,000. I am curious to see how the market reacts to this resistance area, as these levels have been respected in the past.
Examining the technicals more closely, it is evident that the price could potentially decline further, moving into additional support zones below. Notably, the daily 50 EMA is positioned slightly beneath the current price, aligning with the 50% retracement level on the Fibonacci tool. Additionally, the RSI indicator suggests that the price is neither overbought nor oversold at the moment.
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