NASDAQ
Nasdaq Index is trading in an upward trend in the medium term, which opens the door for further price increases and the formation of new highs. However, if the support area at $23,050 is broken to the downside, we may see a retest of the $22,680 area during today’s session.
|
Support |
23050 | 22680 | 22300 |
| Resistance | 23600 | 24000 |
– |
The Nasdaq Composite Index witnessed a notable rise in today’s session, continuing the positive momentum that began at the start of the third quarter. The index closed with a slight gain of approximately 0.24%, surpassing key technical resistance levels, reflecting investor confidence in the continuation of the upward trend. This climb was supported by improved sentiment in global markets and a rebound in major tech stocks such as Apple and Amazon, in addition to stable inflation indicators and investor anticipation ahead of the upcoming Federal Reserve meeting.
With earnings reports from major corporations and key economic indicators expected in the coming days, the market remains in a state of cautious anticipation. However, the overall trend continues to point upward for the time being.
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