Uncertainty over how long the Federal Reserve will maintain elevated interest rates weighed on U.S. stock index futures on Thursday. Investors remained cautious ahead of crucial economic data that could provide insights into the state of the economy.
Technical Analysis:
As mentioned in the previous analysis, the price dropped. Today, we anticipate the GDP report, which is expected to be bullish for the indices, with a projected growth of 1.2%. However, if the GDP exceeds 1.2%, it could lead to a decline towards 18,550 as the first bearish target.
Conversely, a bullish scenario will be activated if the price stabilizes above 18,820, targeting 18,940.
Pivot Line: 18735
Resistance Levels: 18820, 18940, 19100
Support Levels: 18550, 18440, 18250
Today's range is expected to be between the support at 18440 and the resistance at 19,100.
previous idea:
https://www.tradingview.com/chart/NAS100USD/LyKd3hAW-USNAS100-BEARISH-SCENARIO/
http://dlvr.it/T7blZd