⚡NASDAQ Daily Analysis Based on Main Key Levels - April 9, 2025

Daily Current Market Price (DCMP): 17,193 🔍

Critical Price Framework 🔥

Resistance Above DCMP

17,906 🟥 (Immediate Resistance)

18,759 ⚠️ (Upper Resistance Zone)

Support Below DCMP

17,126 🟩 (Key Support)

16,850 🛑 (Critical Floor)

Swing Levels

Swing High: 22,239

Swing Low: 19,109

Technical Confluence 🔍

Fibonacci & Price Alignment

17,126 Support: 61.8% Fib retracement of Q1 rally + Institutional accumulation cluster

18,136 Resistance: 50% Fib extension + Short-term liquidity pool

Momentum Indicators

RSI: 54.3 (Neutral with bullish divergence on 4H chart)

MACD: Bullish crossover confirmed on hourly timeframe

Intraday Trade Setups ⚡

🟢 Intraday Buy Trade Idea

Entry: 17,126 🎯 (Strong Support Zone)

Stop Loss: 16,850 🛑 (-276 points)

Take Profit 1: 17,906 📈 (+780 points)

Take Profit 2: 18,759 🚀 (+1,633 points)

Rationale: Fib support aligns with institutional order block and bullish RSI divergence.

🔴 Intraday Sell Trade Idea

Entry: 18,136 ⚠️ (Key Resistance Cluster)

Stop Loss: 18,759 🛑 (+623 points)

Take Profit 1: 17,126 📉 (-1,010 points)

Take Profit 2: 16,850 🔥 (-1,286 points)

Rationale: Price rejection at Fib extension + bearish liquidity grab pattern.

Key Technical Drivers 🛠️

Resistance Band: 17,906–18,759 (Fib extension + options expiry gamma zone)

Support Zone: 17,126–16,850 (Algorithmic buying threshold)

Catalyst: Fed rate decision (2:00 PM EST)

Risk Management Protocol ⚠️

Position sizing ≤0.3% per trade (volatility-adjusted)

Trailing stops activated at 1:2 risk-reward ratio

Avoid trading during earnings announcements (Pre-market & After-hours)