Nasdaq index might be supported after AI-narrative getting back to the markets fueled by NVDA’s better than expected earnings for Q1 2025. The position of the price is close to the 20-day moving average, which makes a trade location potentially good for starting the upswing to the target area of $22,000.
Traders will watch the publication of ISM Manufacturing index on Monday, as it has some correlation with S&P 500 and Nasdaq, and might strengthen or weaken the current “AI rebound narrative”.
Don't forget - this is just the idea, never forget to manage your risk at all times!
Traders will watch the publication of ISM Manufacturing index on Monday, as it has some correlation with S&P 500 and Nasdaq, and might strengthen or weaken the current “AI rebound narrative”.
Don't forget - this is just the idea, never forget to manage your risk at all times!
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