Trading Insights

NASDAQ 100

Tech Faces Powell Video Fallout Despite China H200 Chip Demand

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.

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