The Nasdaq 100 (NDQ100) has been under selling pressure as investors weigh macroeconomic factors, including Federal Reserve policy decisions and technology sector earnings. While AI-driven stocks have shown resilience, broader concerns about interest rates and valuations have led to increased volatility.
The latest economic reports indicate mixed signals: GDP growth remains steady, but inflation remains stubbornly high. The Fed’s stance on potential rate cuts is uncertain, adding to investor caution. Additionally, geopolitical tensions and supply chain disruptions continue to pose risks to growth stocks, making technical levels highly significant for traders.
Technical Analysis
Timeframe: 1D
Trendline Retest: NDQ100 is currently testing a long-term ascending trendline, which has provided dynamic support since mid-2024.
Key Levels to Watch:
Support Zones:
20,681.94 – A critical level where buyers may attempt to regain control.
20,000.00-19,500.00 (Blue Zone) – A broader support area where demand has historically been strong.
Resistance Levels:
21,247.62 – The immediate resistance level that bulls need to reclaim for a recovery.
Bearish Breakdown Risk: A sustained break below 20,681.94 could accelerate selling pressure, pushing the index toward 19,500.00 and below.
Bullish Scenario: If NDQ100 holds the current trendline and rebounds, we could see a push back toward 21,247.62, confirming continued bullish structure.
Final Thoughts
The Nasdaq 100 is at a make-or-break level. Holding the trendline could trigger a bullish reversal, but a breakdown could lead to deeper declines. Macroeconomic developments and earnings reports will be key catalysts in the coming weeks.
📌 What’s Your Take? Bullish or Bearish? Drop your insights below!
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