The Nasdaq remains supported by improving earnings visibility into 2026, driven by consumption resilience and government spending. Semiconductor and memory-linked names continue to lead growth expectations, with recent earnings beats reinforcing demand durability. However, near-term momentum has softened as selling pressure begins to emerge.
Key Levels: Support at 24,649.30 | Resistance at 25,816.50
Investor Takeaway: RSI is trending higher above its MA at 54, but MACD signals early selling pressure. Near-term consolidation is likely before the next earnings-driven leg higher.
