NASDAQ
The Nasdaq index is trading in an upward trend in the medium term, which paves the way for higher prices and the formation of new highs. However, if the support zone at $22,000 is broken to the downside, we may see a retest of the $21,500 level during today’s trading.
|
Support |
22000 | 21500 | 21100 |
| Resistance | 22500 | 22750 |
– |
The Nasdaq index saw a strong rise today, gaining more than 1.4% to close near new record highs. This rally was supported by easing geopolitical tensions following the announcement of a ceasefire in the Middle East, as well as a drop in oil prices by more than 7%, which helped alleviate inflation concerns. Additionally, comments from Federal Reserve Chair Jerome Powell, hinting at the possibility of interest rate cuts if inflation remains stable, boosted investor sentiment and increased risk appetite particularly in major technology stocks.
From a technical standpoint, the Nasdaq rebounded from strong support levels near 21,500 points, breaking through the 22,000 zone, indicating continued bullish momentum in the short term. Technical indicators such as RSI and MACD support this upward trend, with no clear signs of overbought conditions. However, the market remains sensitive to any surprises in monetary policy or sudden geopolitical developments, which calls for caution despite the current positive technical and financial outlook.
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