US Nas 100
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NASDAQ - Initial Jobless Claims

U.S. NASDAQ-100 index futures showed mixed performance on Thursday as investors exercised caution ahead of an eagerly anticipated jobs report, seeking further insights into the health of the U.S. economy following last week's weak economic data.

Yesterday, the NASDAQ experienced a brief rise before declining, successfully reaching all our targeted levels.

Generally, the direction continues in a downtrend.

Downtrend Side: the price fell to 18.065, This level will support the price to touch 17.640. a break under it will motivate the bearish trend toward 17.220.

Uptrend Side: To confirm the uptrend, the price should stabilize above the resistance of 18.400 by closing the 4H candle at 18.650 and above it at 18.930.

Correction: As a correction, the price may rise to 18.065, or if it extends the rise, it will touch 18.400 before starting to fall. However, please be aware that positive initial jobless claims results may support trading above the 18.400 level.

Tendency Keys: 17.640
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