US indices closed lower last week as tech took a beating and geopolitical risk flared up in the Middle East, sending oil sharply higher. This week, I'm watching whether US30 can hold support around 51,986 or if we're due for a deeper correction — the bias remains cautiously bearish until we reclaim key resistance.
US indices ground higher last week despite geopolitical noise, with tech showing relative strength as we head into earnings season. This week, I'm watching whether US30 can reclaim the 53,000 zone or if we're setting up for a deeper pullback into support.
Last week delivered a classic risk-on rotation — equities pushed higher across the board whilst tech took a breather, and precious metals absolutely ripped as the dollar softened. This week, I'm watching whether US30 can finally crack 53,000 and whether NAS100 can reclaim 30,000 after Friday's pullback left it vulnerable.
Last week delivered a sharp reality check for tech bulls as NAS100 shed over 4%, whilst US30 and the FTSE quietly held their ground. This week, I'm watching whether the Nasdaq can stabilise above 28,890 or if we're in for a deeper correction — with geopolitical noise from Iran and China adding fuel to an already jittery market.
US tech continues to lead as NAS100 surged 2.6% last week, while the dollar flexed its muscles against sterling and the euro. This week, I'm watching whether US30 can finally break above 52,000 and hold, or if we're setting up for a rejection that brings sellers back into play.