Nasdaq 100 Index, Thursday, July 03, 2025.
Positive Big Tech Company financial reports and the increasingly strong rumors of the Fed's Dovish policy and the rise of AI innovation have created positive sentiment on the Nasdaq 100 index.
Key Levels
1. Resistance. 2: 22824.7.
2. Resistance. 1: 22732.6.
3. Pivot: 22552.9.
4. Support. 1: 22460.8.
5. Support. 2: 22281.1.
Tactical Scenario
Pressure-Prone Zone: If the price fails to break through and close above 22732.6, there is potential for weakness towards 22552.9.
Momentum Extension Bias: If #NDX successfully breaks through and closes below the 22552.9 level, the index will head to the 22460.8 level if the volatility and momentum of the weakening support.
Level Invalidation / Bias Revision
Downside bias will be canceled by itself if the price breaks through and closes above the 22824.7 level.
Technical Summary
Although the EMA 20 is above the EMA 50 and the RSI (14) is at the Neutral Bullish level (61.80) which indicates that Buyers are still dominant, the appearance of Divergence between the RSI (14) and price movements brings the potential for weakening.
Economic News Release Agenda:
1. US Average Hourly Earnings m/m - 19:30 WIB.
2. US Non-Farm Employment Change - 19:30 WIB.
3. US Unemployment Rate - 19:30 WIB.
4. US ISM Services PMI - 21:00 WIB.
