📊 NASDAQ 28th February 2025 Daily Analysis: Core Technical Grid

Current Market Price: 🏷️ 20,611

🎯 Critical Price Framework

Resistance (Above Price):

➤ 21,136 🚨 Breakout Catalyst

➤ 21,610 | 22,462

Support (Below Price):

➤ 20,317 🛡️ Strategic Floor

➤ 20,012 | 19,542

Market Structure:

▶ Recent Swing High: 22,239 (4H timeframe)

▶ Recent Swing Low: 20,926 (4H timeframe)

⚙️ Technical Architecture

Fib Confluence: 20,317 aligns with 61.8% retracement of 20,926-22,239 rally

RSI Position: 54.8 (Bullish momentum building)

MACD Status: Bearish histogram contraction near signal line

Volume Profile: Weak participation below 20,500

🎯 Intraday Trade Setups

1️⃣ Sell Opportunity (Resistance Cluster)

🎯 Entry: 21,136 🔽 Liquidity Zone

🛑 Stop Loss: 21,610 🔼 (+474 pts)

✅ Take Profit 1: 20,563 🔽 (-573 pts)

✅ Take Profit 2: 20,012 🔽 (-1,124 pts)

Confirmation: Requires bearish divergence on 1H RSI.

📌 Strategic Outlook

NASDAQ consolidates between 20,317-21,136. Sustained closes above 21,136 may trigger short-covering toward 22,462, while breakdown below 20,317 could accelerate selling to 19,542. Monitor Fed chair speeches for rate policy clues.