NASDAQ Trading Plan: January 19-24, 2025

Current Price: 21277.7

Overview

The NASDAQ is currently showing a bullish bias based on various indicators. The short-term trading direction is long, with bullish sentiment from traders and a generally favorable technical setup. Seasonality factors indicate mixed signals, with some days historically performing better than others.

Daily Breakdown

Friday, January 19, 2025

Outlook: Bullish

Expect a positive trading session as momentum builds from previous days. Technical indicators support upward movement.

Support: 21150

Resistance: 21300

Monday, January 22, 2025

Outlook: Neutral to Bullish

Market may see some consolidation as traders assess the previous week's performance. Watch for potential pullbacks.

Support: 21100

Resistance: 21350

Tuesday, January 23, 2025

Outlook: Bullish

Anticipate a bounce as positive news may drive investor sentiment. Technical indicators align for upward movement.

Support: 21150

Resistance: 21400

Wednesday, January 24, 2025

Outlook: Bullish

Continuation of upward momentum is expected. Positive earnings reports or economic data may boost market confidence.

Support: 21200

Resistance: 21450

Key Considerations

• Monitor news for any economic announcements that could affect market sentiment.
• Be aware of any potential geopolitical events that could introduce volatility.
• Utilize stop-loss orders to manage risk effectively.

Conclusion

This week presents opportunities for traders looking to capitalize on bullish trends in the NASDAQ. Stay vigilant and adjust strategies based on market conditions and sentiment shifts.