Nasdaq futures testing key support levels with potential for resistance near July highs.

From Investing.com: 2024-11-28 07:38:00

Nasdaq futures are testing key support levels, with bulls holding the trend line since August. Traders are watching for resistance near July highs as a potential catalyst for the next big move. Meanwhile, US markets could be subdued amid a lack of fresh catalysts, with the contrast between US and Chinese markets becoming more pronounced. Technical analysis on the Nasdaq suggests a bullish trend remains intact, but caution is advised. Individual stock to watch when markets re-open is Nvidia, with signs of a possible correction phase. Investors are advised to exercise caution and closely monitor market movements.



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