Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

Nasdaq facing downward pressure in near term – The Business Times

by Mark Darwin
in Lifestyle
Nasdaq facing downward pressure in near term – The Business Times
Share on FacebookShare on Twitter


THE Nasdaq-100 Index delivered an impressive 25.9 per cent gain in 2024, led by the stellar performance of heavyweight technology counters such as Nvidia and Alphabet.

After a correction between July and August 2024, the index has been on constant uptrend reaching new highs in the final quarter of 2024 and breaking above the 22,100 level in December.

However, volatility has picked up since mid-December 2024, fuelled by fluctuating interest rate expectations and Trump’s inauguration. The US Federal Reserve cut interests rates by a total of 100 basis points in 2024 and has forecasted further cuts of 25-50 basis points in 2025.

Meanwhile, Trump’s second term as US president has also moved capital markets, following his new executive orders and mentions of policies.

Bullish scenario

The Nasdaq-100 has rebounded off the uptrend line supported by the 100-day simple moving average (SMA) level of 20,425 which coincides with the 0.5 Fibonacci retracement level of 20,518.

After Trump’s inauguration, the index staged a rally, rising above both the 20-day and 50-day SMA level, a signal of renewed bullish momentum.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Should the index break above the high of 22,100 recorded in December 2024, the index could enter uncharted territories, potentially reaching the next psychological resistance levels at 22,500 and 23,000.

Bearish scenario

Despite the recent rally, current technical trends have indicated weakening momentum and a possible retracement in the short term.

If the index rejects off the previous high in December 2024, the index might correct back to the first support zone of around 21,371, aligning with the 0.236 Fibonacci level and the 20-day and 50-day SMA levels.

A breach of this initial support could open the door to further declines, with the next levels of interest at the 0.382 Fibonacci retracement level of 20,900, followed by the 0.5 Fibonacci retracement level at the 20,518 area.

In the short term, a retracement is likely to happen based on the uncertainty with Trump’s policies and the seasonal slowdown in trading activity during the upcoming Chinese New Year holidays which might lead to reduced liquidity and heightened volatility.

The writer is Manager (Dealing and Education), Phillip Securities

Tags: BusinessDownwardFacingNasdaqPressureTermTimes
Mark Darwin

Mark Darwin

Next Post
Emerging market currencies get relief rally from softening Trump threats – The Business Times

Emerging market currencies get relief rally from softening Trump threats - The Business Times

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In