The Nasdaq staged a relief rally following the CPI miss as rate cut expectations increased. After the initial surge, price action transitioned into a sideways consolidation. While near-term momentum has cooled, the medium-to-long-term outlook remains constructive, supported by expectations of reaccelerating economic growth and resilient earnings into 2026.
Key Levels: Support 24,649.30 | Resistance 25,816.50
Investor Takeaway: RSI is trending higher but remains below its MA, while MACD buying pressure is fading. The relief rally provides a technical cushion, but momentum is consolidating near resistance.
