Tech Rebounds on Trump’s Softer Rhetoric Toward China
Nasdaq staged a modest rebound after President Trump struck a more conciliatory tone on China, easing investor fears of a prolonged trade escalation. The tech sector remains under pressure from tariff and supply chain uncertainty but finds short-term relief from diplomatic signals.
Key Levels: Support at 24,221.3 | Resistance at 24,998.0
Investor Takeaway: RSI at 38 below MA line trending downward with emerging MACD selling pressures; diplomatic tone offers breathing room but technicals remain fragile.