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Nasdaq Index is awaiting support

Technical Analysis
By Mostafa Mahmoud
Nasdaq Index is awaiting support
0 1

NASDAQ

Screenshot 2025-03-12 100515

The Nasdaq Index is trading around the $19,400 support level, and it is likely to break below it to target the $19,000 level. This scenario would be invalidated if the $19,870 resistance level is breached to the upside.

Support

 19400 19000 –
Resistance 19870 20400

21000

The Nasdaq 100 index saw a significant decline in today’s trading session, dropping by 3.8% and marking its worst daily performance since 2022. This decline reflects growing concerns about the slowdown in economic growth in the United States, especially amid recent trade policies that have unsettled investors. Additionally, President Donald Trump announced an increase in tariffs on Canadian steel and aluminum from 25% to 50%, further adding to market uncertainty. It is crucial to monitor upcoming developments and their impact on the index’s performance in the coming days.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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