📈 NASDAQ 6th March 2025 Daily Analysis: Critical Technical Thresholds

Current Market Price (DCMP): 20,580

Recent Swing High: 22,239 | Recent Swing Low: 21,343

🔥 Price Structure Breakdown

🔻 Below DCMP (Support Territory)

Immediate Floor: 20,488 (Fib 61.8% retracement cluster)

Critical Defense: 20,173 | 19,663

Breakdown Catalyst: 19,967 (2025 structural low)

🔺 Above DCMP (Resistance Frontier)

First Barrier: 20,998 (Price rejection zone)

Upper Limit: 21,823 (Year-to-date high)

🚨 Trade Setup

🟢 Intraday Buy Opportunity

Entry: 🎯 20,488 (Fib 50% retracement + Historical demand zone)

Stop Loss: 🔴 19,967 (-521 points)

Take Profit 1: 🚀 20,787 (+299 points)

Take Profit 2: 💥 21,343 (+855 points)

Rationale:

Strong confluence at 20,488: 50% Fib level (swing low 21,343 → high 22,239)

Bullish RSI divergence detected on 15-minute chart

🔴 Intraday Sell Opportunity

Entry: 🎯 20,998 (Confluence of 38.2% Fib + VWAP resistance)

Stop Loss: 🔴 21,508 (+510 points)

Take Profit 1: 🚀 20,580 (-418 points)

Take Profit 2: 💥 20,173 (-825 points)

Rationale:

Bearish order block formation at 20,998 on 4H timeframe

MACD histogram shows weakening bullish momentum

📉 Technical Landscape

Fibonacci Framework

38.2% Resistance: 20,998 (Breakout confirmation level)

50% Support: 20,488 (High-probability reversal zone)

Momentum Indicators

RSI: 54.6 with hidden divergence on 30-minute chart

MACD: Fast line approaching signal line crossover at 20,580

🎯 Strategic Outlook

NASDAQ faces tension at 20,580 pivot. Sustained holds above 20,998 may trigger rally toward 21,823, while breakdown below 20,488 risks plunge to 19,663. Monitor Fed policy signals (March 12) for volatility triggers.

⚡ Catalyst Watch: US CPI data release (March 10) – hot inflation prints could trigger tech sector selloff!

Key Technical Elements:

20,488-20,998 forms decisive battle range

Bullish hammer pattern at 20,173 support

MACD lines converging near equilibrium zone

19,967-22,239 range contains 80% of 2025 price action

⚠️ Risk Notice: Tech indices carry elevated volatility. Use 1.5% capital allocation per trade with trailing stops.