Nasdaq's Next Move Hinges on One Critical Level
Nasdaq and the Dow Jones are at critical technical crossroads, with Fibonacci levels, RSI divergence, and multi-year channel resistance now defining where US equity markets move next. Razan Hilal, CMT, Market Analyst at FOREX.com, breaks down the exact support and resistance levels that will determine if the post-selloff rebound in US indices holds or extends lower.
Written by
Razan Hilal
Market Analyst
Nasdaq and the Dow Jones are at critical technical crossroads, with Fibonacci levels, RSI divergence, and multi-year channel resistance now defining where US equity markets move next. Razan Hilal, CMT, Market Analyst at FOREX.com, breaks down the exact support and resistance levels that will determine if the post-selloff rebound in US indices holds or extends lower.
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.
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