After 5 months, the Nasdaq lastly hits a brand new file excessive amid US-Iran deal optimism

FUNDAMENTAL
OVERVIEW

The Nasdaq surged right into a
new all-time excessive amid US-Iran deal optimism. The US-Iran conflict has been pushing
the market decrease on destructive development expectations and as these expectations now
get repriced on the constructive facet, the inventory market has room to run. The
playbook is similar to April 2025.

The second spherical of
negotiations had been anticipated to start at present however we by no means had an official date.
They’re anticipated to occur earlier than the April 22 ceasefire deadline although.

Within the meantime, we received
experiences that US and Iranian negotiators made progress in talks on
Tuesday and so they had been transferring nearer to a framework settlement to finish the conflict. A
US official has additionally talked about that if a framework settlement is reached, the
ceasefire would must be prolonged to barter the small print of a complete
deal.

All the things now hinges on
US-Iran talks. If negotiations had been to interrupt down once more, we’d see a
selloff, however so long as the ceasefire holds, the draw back ought to stay
restricted. Then again, a peace deal would possibly give the Nasdaq one other increase to
push into new highs though a “promote the very fact” kind of response stays a danger
given the acute positioning.

NASDAQ TECHNICAL
ANALYSIS – DAILY TIMEFRAME

On
the every day chart, we will see the Nasdaq surged into a brand new file excessive after an unbelievable rally since
the beginning of April. We will count on the sellers to step in if the worth falls
again beneath the 26,400 stage to place for a drop into the 25,500 stage. The
consumers, alternatively, will possible enhance the bullish bets right here to maintain
pushing into new highs, though a pullback would provide a greater danger to reward
setup.

NASDAQ TECHNICAL
ANALYSIS – 4 HOUR TIMEFRAME

On
the 4 hour chart, we have now a
couple of trendlines that might act as help for dip-buyers. The truth is, if we
get a pullback from the all-time highs, we will count on the consumers to lean on the
first trendline with an outlined danger beneath it to maintain pushing into new highs.
The sellers, alternatively, will search for a break decrease to increase the
pullback into the following trendline the place we must always discover once more the dip-buyers.

NASDAQ TECHNICAL
ANALYSIS – 1 HOUR TIMEFRAME

On the 1 hour chart, we
have yet one more minor trendline defining the bullish momentum on this
timeframe. The consumers will possible proceed to lean on it with an outlined danger
beneath it to maintain pushing into new highs, whereas the sellers will search for a
break to increase the pullback into the following trendline. The crimson traces outline common every day vary for at present.

UPCOMING CATALYSTS

As we speak we get the most recent US Jobless Claims figures, however the focus stays on
US-Iran headlines.