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Dow Jones

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Nasdaq Eyes Major Breakout While Oil and Geopolitics Keep Investors Cautious

Razan Hilal, FOREX.com Market Analyst, examines why the Nasdaq, Dow Jones and U.S. banking sector are approaching critical technical levels despite strong earnings, softer U.S. inflation and robust AI-related results. She explains how renewed Middle East tensions, higher oil prices and investor caution are creating conditions for a major market breakout or pullback, highlighting the key technical levels traders are watching.

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.