NASDAQ Daily Analysis Based on Main Key Levels - April 29, 2025

Daily Current Market Price (DCMP): 💹 19,472

🔍 Key Technical Snapshot

• Swing High: 19,711

• Swing Low: 18,830

• Above DCMP (Resistance): 19,552 (R1), 19,572 (R2), 19,711 (R3)

• Below DCMP (Support): 18,830 (S1), 18,108 (S2), 17,662 (S3)

📊 Trade Setups

1️⃣ Intraday Buy Trade

• Entry: 🎯 18,830 (Strong Support Zone)

• Stop Loss: ⚠️ 17,662 (Support3)

• Take Profit 1: 💰 19,208

• Take Profit 2: 🚀 19,472 (DCMP)

Rationale: Price tests 61.8% Fibonacci retracement (18,830-19,711) with bullish RSI divergence.

2️⃣ Intraday Sell Trade

• Entry: 🎯 19,552 (Key Resistance Cluster)

• Stop Loss: ⚠️ 19,711 (Resistance3)

• Take Profit 1: 💰 19,208

• Take Profit 2: 🚀 18,830

Rationale: Bearish MACD crossover near 19,552-19,572 supply zone.

📉 Technical Indicators

• Fibonacci Levels: 18,830 (Swing Low) to 19,711 (Swing High) retracement active

• RSI: 49 (Neutral with bearish momentum building)

• MACD: Lines converging near zero, potential trend shift

💡 Analyst Insight

NASDAQ oscillates between 18,830-19,552 with DCMP (19,472) as pivot. Fed policy risks loom near 19,552 psychological level.