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Figure Heloc 
FUNDAMENTAL
OVERVIEWThe Nasdaq surged into new
highs yesterday after the announcement of a two-week ceasefire. However, the
market didn’t extend the gains as some negative news weighed a bit on the risk
sentiment. The main culprit was Israel
launching a large wave of strikes on Lebanon, triggering backlash, with Iran
insisting that Lebanon was included in the ceasefire agreement.For now, the ceasefire is
still holding, at least until tomorrow, when the US-Iran negotiations are set
to take place in Islamabad. The talks could also be extended if both sides
agree. This is keeping markets in check. There’s still a risk that
the conflict could restart at any moment, since the US and Iran have not officially
ended the hostilities. Nonetheless, the short-term bias has turned more bullish,
as traders reprice the negative growth expectations. Having said that, the sentiment
could reverse quickly if negotiations fail and the war resumes, so all eyes
will be on Islamabad tomorrow. NASDAQ TECHNICAL
ANALYSIS – DAILY TIMEFRAMEOn
the daily chart, we can see the Nasdaq surged into the 25,200 level following the ceasefire
announcement before pulling back a bit. The sellers stepped in around the
25,200 level with a defined risk above it to position for a drop into new lows.
The buyers, on the other hand, will look for a break higher to increase the
bullish bets into new all-time highs.NASDAQ TECHNICAL
ANALYSIS – 4 HOUR TIMEFRAMEOn
the 4 hour chart, we have a minor
support zone around the 24,700 level where we can also find the broken downward
trendline. If the price gets there, we can expect the buyers to step in with a
defined risk below the support to keep pushing into new highs. The sellers, on
the other hand, will look for a break to extend the pullback into the upward trendline.
NASDAQ TECHNICAL
ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, there’s
not much we can add here as from a risk management perspective, the buyers will
have a better risk to reward setup around the support or the upward trendline, while
the sellers will look for downside breaks to increase the bearish bets into new
lows. The red lines define average daily range for today. UPCOMING CATALYSTSToday we get the US PCE price index and the latest US Jobless Claims
figures. Tomorrow, we conclude the week with the US CPI report and the
University of Michigan Consumer Sentiment survey. As a reminder, we have also
the US-Iran negotiations in Islamabad tomorrow which is going to be more
important than the economic data.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
The Nasdaq’s recent highs are under threat as geopolitical tensions rise, and here’s why that matters: The announcement of a two-week ceasefire initially boosted market sentiment, but the subsequent Israeli strikes on Lebanon have reignited concerns about regional instability. This could lead to increased volatility in tech stocks, which have been the primary drivers of the Nasdaq’s rally. Traders should be cautious, as negative news can quickly shift sentiment, especially in a market that has been riding high on optimism. Look for key support levels around recent lows; if the Nasdaq starts to break below those, we could see a more significant pullback. Moreover, this situation could ripple into related markets, particularly oil and defense stocks, which might react to any escalation in conflict. Keep an eye on how these sectors perform in the coming days, as they could provide clues about broader market sentiment. The real story is how quickly traders pivot from risk-on to risk-off strategies, so monitor the news closely and adjust positions accordingly.
📮 Takeaway
Watch for Nasdaq support levels; a break below recent lows could signal a shift to risk-off sentiment amid rising geopolitical tensions.
