Nasdaq's Hidden Signal Before Earnings Season
The Nasdaq is consolidating just below record highs in a possible symmetrical triangle as investors rotate from tech and AI stocks into cyclical sectors ahead of a key earnings week. Razan Hilal, CMT, FOREX.com Market Analyst, maps the breakout and breakdown levels, the Fibonacci zones behind them, and why second half 2026 guidance may matter more than the quarter numbers.
Written by
Razan Hilal
Market Analyst
The Nasdaq is consolidating just below record highs in a possible symmetrical triangle as investors rotate from tech and AI stocks into cyclical sectors ahead of a key earnings week. Razan Hilal, CMT, FOREX.com Market Analyst, maps the breakout and breakdown levels, the Fibonacci zones behind them, and why second half 2026 guidance may matter more than the quarter numbers.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of FOREX.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
Related tags:
Web Trader platform
Our sophisticated web-based platform is packed with features.
Open an account today
Experience award-winning platforms with fast and secure execution.
Economic calendar
Related articles
Euro Short-term Outlook: EUR/USD Pullback Nears Pivotal Uptrend Support 8 28 2026
Warsh's comments accelerated the EUR/USD selloff, raising the stakes as buyers look to stabilize the broader recovery.
Gold and S&P 500 analysis: What now after Warsh’s hawkish speech?
The dollar surged across the board after the Fed Chair Kevin Warsh surprised with a hawkish-leaning speech at the Jackson Hole summit. All the bearish dollar bets that had been accumulated since last Friday on the back of data weakness and bond market troubles had to be squared and that triggered a short squeeze rally for the dollar. Gold and silver dropped, as a result, as too did bitcoin, while US indices were giving back earlier gains.
Nasdaq 100 Forecast: NDX slips ahead of Fed Chair Warsh’s speech
U.S. stocks are edging lower on Friday, giving back some of yesterday's gains after Nvidia's strong outlook revived the tech trade. The focus has now shifted firmly to Fed Chair Kevin Warsh's Jackson Hole speech, with investors looking for more clarity on the outlook for interest rates.
