Is the Nasdaq Rally Reaching its Limits?

162
From a weekly perspective, Nasdaq momentum is showing signs of slowing near overbought levels, similar to prior peaks seen in 2024 and 2025. This raises the risk of a pullback or momentum unwind as markets realize the Q2 pressure from Hormuz-related risks over Q1 earnings.

Key levels to watch, derived using Fibonacci extensions between the April 2025 lows, October 2025 highs, and April 2026 lows, are:

27,800 (0.5)
28,900 (0.618)
30,660 (0.786)

On the downside, a break below 26,900 would reinforce a pullback toward 26,300, 26,100, and 25800, levels representing potential rebound opportunities

Written by Razan Hilal, CMT

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.