Nasdaq redirected gains back toward the 25,800 mark, a level that could confirm another surge to record highs above 26,300, or signal extended consolidation depending on the upcoming FOMC tone and ongoing concerns around tech sector overvaluation.
On the daily time frame, Nasdaq is hovering just below 25,800 resistance — the final barrier before retesting the 26,300 record high. A breakout above that level could unlock upside targets of 27,000 and 27,700.
However:
• If prices fail to hold and bearish sentiment emerges, a drop back below 25,200 is expected to extend declines toward 24,800, 24,400, and 23,900.
• The 23,900 level also acts as a potential double top neckline if prices pull back again from the 26,000 zone. A clean break below 23,900 would confirm a double-top formation, targeting 23,500 and 22,900.
These levels are derived using the Fibonacci extension tool based on the 2025 peak, the 23,900 low, and the 25,800 high.
While individual charts suggest consolidation risks, the divergence between gold and silver, alongside the contracting price action in the Dow Jones since 2020, adds caution regarding further highs until clear confirmations emerge.
- Razan Hilal, CMT
On the daily time frame, Nasdaq is hovering just below 25,800 resistance — the final barrier before retesting the 26,300 record high. A breakout above that level could unlock upside targets of 27,000 and 27,700.
However:
• If prices fail to hold and bearish sentiment emerges, a drop back below 25,200 is expected to extend declines toward 24,800, 24,400, and 23,900.
• The 23,900 level also acts as a potential double top neckline if prices pull back again from the 26,000 zone. A clean break below 23,900 would confirm a double-top formation, targeting 23,500 and 22,900.
These levels are derived using the Fibonacci extension tool based on the 2025 peak, the 23,900 low, and the 25,800 high.
While individual charts suggest consolidation risks, the divergence between gold and silver, alongside the contracting price action in the Dow Jones since 2020, adds caution regarding further highs until clear confirmations emerge.
- Razan Hilal, CMT
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.