NASDAQ 17th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 19,667

🎯 Immediate Price Framework

Above DCMP (Resistance)

🔴 R1: 20,014 | 🎯 R2: 20,254 | 🚨 R3: 20,642

Below DCMP (Support)

🟢 S1: 19,262 | 🎯 S2: 18,999 | 🚨 S3: 18,611

Swing Reference:

📈 Swing High: 22,239 | 📉 Swing Low: 19,109

🔍 Technical Configuration

Price Architecture

Consolidation phase between 19,262–20,014 with DCMP acting as equilibrium

Fib Confluence:

61.8% retracement from Swing Low aligns with 19,404 (support)

38.2% extension from Swing High creates resistance at 20,014

Momentum Signals

RSI: Bearish divergence on 4H charts despite neutral 54 reading

MACD: Histogram below zero with bearish crossover

Volume Profile: Declining participation near resistance zones

⚡ Tactical Trade Setups

Trade Idea ①: Intraday Buy

📍 Entry: 19,262 (Weekly Pivot + Fib 61.8% confluence)

🛑 Stop Loss: 18,611 (Below S3)

🎯 Targets:

19,667 (DCMP Mean Reversion)

19,813 (Daily R2)

Catalyst: Hidden bullish divergence on 30min chart + Oversold Stochastic

Trade Idea ②: Intraday Sell

📍 Entry: 20,014 (Weekly R1 + Fib 38.2% zone)

🛑 Stop Loss: 20,254 (Above R2)

🎯 Targets:

19,404 (Daily S1)

19,109 (Swing Low Retest)

Confirmation: Bear flag pattern on 4H + Rising put/call ratio

🧭 Strategic Outlook

Battle Lines:

Bullish Break: Sustained close above 20,014 needed for rally toward 20,642

Bearish Trigger: Breakdown below 19,262 risks test of 18,611 support

Critical Watch:

Fed policy impact on tech valuations

NVDA earnings as sector bellwether

📌 Risk Management Protocol

Use 15min closing prices for level validation

Trail stops using 20-period EMA on 5min chart

Monitor VXN volatility index (Current: 25.4)

Avoid pre-market entries during earnings season