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Figure Heloc 
FUNDAMENTAL
OVERVIEWThe Nasdaq has been slowly
erasing Monday’s gains as traders have been getting increasingly worried of
an escalation over the weekend. Trump has been jawboning the markets throughout
the entire week with ceasefire comments and claims that Iran has been “begging”
him for a deal. Meanwhile, the US military buildup in the Middle East increased
the speculations of a potential ground invasion. Late yesterday, Trump
extended the ceasefire through April 6, right as major equity indices were on
the verge of breaking to new monthly lows and Treasury yields were pushing
toward fresh highs. He claimed Iran requested the extension, though Iranian officials
denied it. It looked like another
attempt to jawbone the markets, but this time it didn’t have the same impact as
earlier in the week and the gains were quickly faded. With oil prices pushing into new daily highs, we might see more hedging
into the weekend which is likely to put pressure on the Nasdaq throughout the
day.NASDAQ TECHNICAL
ANALYSIS – DAILY TIMEFRAMEOn
the daily chart, we can see that the Nasdaq just made a new monthly low today as traders are getting
increasingly worried about a ground invasion. We can expect the sellers to keep
piling in around these levels with a defined risk above the 23,910 level targeting
the 23,025 level next. The buyers, on the other hand, will want to see the
price rising back above the 23,910 level to position for a rally back into the
25,000 level next.NASDAQ TECHNICAL
ANALYSIS – 4 HOUR TIMEFRAMEOn
the 4 hour chart, we have a
downward trendline defining the bearish structure. If we get a pullback, we can
expect the sellers to lean on the trendline with a defined risk above it to keep
pushing into new lows. The buyers, on the other hand, will look for a break
higher to increase the bullish bets into the 25,000 level next.NASDAQ TECHNICAL
ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we have
a minor downward trendline defining the bearish momentum on this timeframe. The
sellers will likely continue to lean on the trendline to keep pushing into new
lows, while the buyers will look for a break to extend the pullback into the next
major trendline next. The red lines define average daily range for today.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
The Nasdaq’s pullback signals growing market anxiety, and here’s why that’s crucial for traders right now: As traders digest Trump’s comments about potential ceasefires and escalating tensions, the volatility in the Nasdaq could impact correlated assets like tech stocks and even crypto markets. If the Nasdaq continues to lose ground, it could trigger a broader risk-off sentiment, leading to sell-offs across sectors. Keep an eye on key support levels; if the Nasdaq breaks below recent lows, it could accelerate selling pressure. This situation also highlights the importance of monitoring geopolitical developments, as they can shift market sentiment rapidly. On the flip side, if Trump’s negotiations yield positive outcomes, we might see a quick rebound, but the uncertainty makes it a risky environment. Traders should be prepared for potential whipsaws and adjust their strategies accordingly. Watch for the Nasdaq to hold above critical support levels to gauge whether this pullback is a buying opportunity or a signal to exit positions.
📮 Takeaway
Monitor the Nasdaq’s support levels closely; a break below could lead to broader market sell-offs, while positive news may trigger a rebound.
