NASDAQ Market Outlook | Potential for Upside if Positive Tone is Maintained
Currently, the NAS index remains under bearish pressure. Concerns about an AI bubble continue to weigh on technology stocks, even though Nvidia recently reported its highest revenue ever of $57 billion with strong growth guidance.
However, investors remain cautious due to the massive increase in spending on AI, perceived overvaluation of stocks, and the market's reliance on a few mega-cap companies.
Under these conditions, selling pressure in the technology sector continues and is affecting the movement of the USNAS100 index.
Price movement direction based on key levels:
As long as the price is below 23,940 → the trend remains bearish.
If the decline continues, the gradual decline target is in the following areas:
🔻 23,700 → 23,340 → 23,050
If the price rises and closes above 24,150 on the H1 timeframe → potential bullish correction
The corrective upward trend has the potential to move towards:
🔺 24,350 → 24,570
Analysis Conclusion
USNAS100 remains in a bearish trend as long as the price is unable to break through and maintain above the 23,940 level. Selling pressure is expected to intensify if the 23,700 support level is broken, opening the opportunity for a decline towards the 23,340 to 23,050 area.
Currently, the NAS index remains under bearish pressure. Concerns about an AI bubble continue to weigh on technology stocks, even though Nvidia recently reported its highest revenue ever of $57 billion with strong growth guidance.
However, investors remain cautious due to the massive increase in spending on AI, perceived overvaluation of stocks, and the market's reliance on a few mega-cap companies.
Under these conditions, selling pressure in the technology sector continues and is affecting the movement of the USNAS100 index.
Price movement direction based on key levels:
As long as the price is below 23,940 → the trend remains bearish.
If the decline continues, the gradual decline target is in the following areas:
🔻 23,700 → 23,340 → 23,050
If the price rises and closes above 24,150 on the H1 timeframe → potential bullish correction
The corrective upward trend has the potential to move towards:
🔺 24,350 → 24,570
Analysis Conclusion
USNAS100 remains in a bearish trend as long as the price is unable to break through and maintain above the 23,940 level. Selling pressure is expected to intensify if the 23,700 support level is broken, opening the opportunity for a decline towards the 23,340 to 23,050 area.
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Wyłączenie odpowiedzialności
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.