Despite Risk-Off Headlines, Nasdaq Remains Resilient
AI remains embedded in long-term national strategies across 2030 and beyond, which is keeping tech resilient even amid trade uncertainty and weaker economic data. Markets are now eyeing NVIDIA’s earnings on Wednesday. Expectations are high, but the announcement could raise volatility risks, particularly heading into Wednesday evening and Thursday's U.S. market open.
The Nasdaq remains in a bullish zone above the neckline of a double top pattern that formed between December 2024 and February 2025. Price action is currently consolidating between the 21,500 resistance and the 20,800 support.
A clear breakout above 21,500 could push the index toward 22,200 and potentially the next major high near 23,700.
Conversely, a decisive close below 20,800–20,600 would signal increased selling pressure, targeting 19,600 and 19,100.
- Razan Hilal, CMT
AI remains embedded in long-term national strategies across 2030 and beyond, which is keeping tech resilient even amid trade uncertainty and weaker economic data. Markets are now eyeing NVIDIA’s earnings on Wednesday. Expectations are high, but the announcement could raise volatility risks, particularly heading into Wednesday evening and Thursday's U.S. market open.
The Nasdaq remains in a bullish zone above the neckline of a double top pattern that formed between December 2024 and February 2025. Price action is currently consolidating between the 21,500 resistance and the 20,800 support.
A clear breakout above 21,500 could push the index toward 22,200 and potentially the next major high near 23,700.
Conversely, a decisive close below 20,800–20,600 would signal increased selling pressure, targeting 19,600 and 19,100.
- Razan Hilal, CMT
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