Nasdaq 100 faces resistance near 25,870 – Société Générale

💡 DMK Insight

The Nasdaq 100’s struggle at 25,870 is a key moment for traders looking for direction. With the index hovering around its 50-day moving average, the lack of momentum suggests indecision in the market. This resistance level is critical; a breakout could signal a bullish trend, while failure to breach it might lead to a pullback. Traders should keep an eye on volume indicators—if we see increased buying pressure, it could confirm a breakout. Conversely, if selling picks up, it might be time to reassess long positions. The broader market context, including economic data releases and interest rate expectations, could also play a significant role in the Nasdaq’s next move. Watch for any news that might impact tech stocks, as they heavily influence the index’s performance.