Nasdaq maintains cautious bullish outlook, heading toward double top following strong earnings season but currently consolidating as liquidity drought keeps markets reined in. Highly dependent on interest rate environment—with market pricing in rate cut, Nasdaq expected to continue bullish momentum alongside S&P 500.
Key Levels: Support at 24,902.90 | Resistance at 25,816.50
Investor Takeaway: Liquidity constraints preventing double top test despite rate cut expectations; today’s Fed decision could unlock pent-up momentum or confirm resistance.
