USNAS100 Analysis and Nasdaq's AI Surge Amid Fed Uncertainty

26 cze

USNAS100 Technical Analysis: Focus on Price Reversal

Today's Outlook:
The price has reversed and stabilized in the bullish zone after surpassing the resistance level at 19800, suggesting a continued upward trajectory towards 19960 and potentially breaching the all-time high.

• Bullish Scenario:
  As long as the price remains above 19800, the bullish trend is expected to continue, with targets set at 19960 and 20100.
  
  
• Bearish Scenario:
  To trigger a bearish trend, the price needs to close at least a 4-hour candle below 19795, potentially leading to a decline towards 19625. A sustained drop below 19525 would activate a bearish zone, with further downside targets at 19100.
  
  
• Key Levels:
  - Pivot Line: 19800
  - Resistance Levels: 19960, 20100, 20250
  - Support Levels: 19625, 19525, 19250
  
  
• Today's Expected Range:
  The price is anticipated to fluctuate between the support at 19625 and the resistance at 20100, with a prevailing expectation of a downward trend for today.
  
  In summary, the outlook remains bullish above the pivot line, with potential targets at 19960 and 20100. However, a close below 19795 could signal a shift towards a bearish trend, targeting 19625 and lower levels.
  
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  Nasdaq Surges on AI Stock Rally; Dow Dips Ahead of Key Inflation Data
  
  The Nasdaq surged on Tuesday as Nvidia and other AI-linked stocks rebounded following recent selloffs. Meanwhile, the Dow slipped from its one-month high as investors awaited key inflation data later this week to gauge the Federal Reserve's monetary policy trajectory.
  
  "If the economic data continues to weaken, equities might have to take a breather unless and until a September rate cut becomes more likely," said John Velis, Americas macro strategist at BNY Mellon.
  
  Market participants currently see a 61% chance of a 25-basis point interest rate cut in September and are anticipating approximately two cuts by the end of the year, according to LSEG's FedWatch data.
  
  The most anticipated event of the week is the release of the personal consumption expenditures (PCE) price index on Friday, the Fed's preferred measure of inflation.
  
  However, Fed Governor Michelle Bowman indicated that she does not foresee any reduction in the U.S. benchmark interest rate this year.