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 $22,500 is broken to the downside, a retest of the $22,000 area may occur during today’s trading.
|
Support |
22500 | 22000 | 21500 |
| Resistance | 22900 | 23500 |
– |
The Nasdaq index recorded its highest closing level in history at 20,640.33 points, driven by strong gains in the technology sector, especially after Nvidia announced the resumption of sales for its “H20” AI chips in the Chinese market. This boosted optimism in the markets and pushed the index’s futures higher. This positive performance reflects the strong momentum the index has experienced since the beginning of the second quarter, with a gain of approximately 17.8%, marking its best quarterly performance in years.
At the same time, the Nasdaq benefited from a global rally in markets, supported by declining inflation rates and improved liquidity, despite ongoing concerns over trade tensions between the U.S. and China. As investors await the upcoming release of U.S. inflation data later this week, they remain cautious, looking for any signals that may influence the Federal Reserve’s stance on interest rates.
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