Hello everyone, 👋
Nasdaq enters today’s session near record highs following another strong close, with technology and semiconductor stocks continuing to support the broader market.
Attention now shifts toward Treasury yields, oil prices and the upcoming Federal Reserve meeting minutes, which could provide further insight into the current monetary policy outlook. Elevated energy prices and movements in the bond market remain important factors to monitor, particularly given their potential impact on growth-oriented technology stocks.
From a technical perspective, price remains close to recent highs, making the reaction around key support and resistance levels especially relevant. A sustained move outside the current range could provide clearer directional confirmation, while continued rejection around these levels may keep the market in consolidation.
🟢 As always, a break above the green level will have me looking for immediate long opportunities.
🔴 A break below the red level will shift my focus toward potential short setups.
⚠️ This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and manage risk appropriately before making any trading decisions.
Nasdaq enters today’s session near record highs following another strong close, with technology and semiconductor stocks continuing to support the broader market.
Attention now shifts toward Treasury yields, oil prices and the upcoming Federal Reserve meeting minutes, which could provide further insight into the current monetary policy outlook. Elevated energy prices and movements in the bond market remain important factors to monitor, particularly given their potential impact on growth-oriented technology stocks.
From a technical perspective, price remains close to recent highs, making the reaction around key support and resistance levels especially relevant. A sustained move outside the current range could provide clearer directional confirmation, while continued rejection around these levels may keep the market in consolidation.
🟢 As always, a break above the green level will have me looking for immediate long opportunities.
🔴 A break below the red level will shift my focus toward potential short setups.
⚠️ This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and manage risk appropriately before making any trading decisions.
Trade closed: target reached
💚 SHORT Target Reached! 💚+60 points on NASDAQ!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.