Nasdaq Outlook – Accumulation, Early Close & Two Key Scenarios

The Nasdaq is repeating yesterday’s market structure: Asia has accumulated once again, and London is likely to provide the manipulation phase before setting the day’s direction. Today we must also factor in reduced liquidity, as the New York session will close early due to Thanksgiving—this typically increases intraday volatility and can exaggerate moves in either direction.

Technical Setup:
Price is consolidating tightly, showing clear signs of preparation for a breakout. The bullish momentum remains intact as long as the index holds above the 25,000 region, supported by expectations of a potential Fed rate cut in the coming weeks, which continues to fuel risk-on sentiment across equities.

Scenario 1 (Most interesting):
If price breaks the current accumulation to the downside, I will look for long entries in the 25,090–25,020 zone, aiming for a continuation of the bullish rally.

Scenario 2:
If price breaks upward directly from the range, the next bullish target sits around 25,600.

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