Outlook: Cautiously Bullish
Time Horizon: 1 Day
- RSI has converged with its moving average and is rolling modestly lower.
- MACD shows emerging selling pressure following the recent relief rally.
- Lower CPI pushed rate-cut expectations higher, driving a sharp upside move before consolidation.
- Medium-term fundamentals remain supportive, with earnings growth and an expected economic reacceleration into 2026.
Key Levels:
Support: 24,649.3 | Resistance: 25,816.5
Investor Takeaway:
Nasdaq is consolidating gains after a CPI-driven rally. Trend remains intact, but near-term upside may pause without renewed rate catalysts.
