Rebound possibly driven by demand for NVDA’s H200 chips from China. Today’s video message from Jerome Powell likely to negatively affect Nasdaq’s performance today.
Key Levels: Support at 24,649.30 | Resistance at 25,816.50
Investor Takeaway: RSI at 42 below MA line trending down; MACD shows emerging selling pressures—China chip demand catalyst overshadowed by Powell institutional crisis.
