Technical breakdowns in Nasdaq futures signal potential downside toward 27,000 amid broader market risk-off sentiment.
Nasdaq futures face further downside pressure after breaking below an ascending channel and a key anchored VWAP, with analysts targeting a drop to 27,000. The bearish outlook hinges on a daily close below 28,560-28,575, which would invalidate the downside scenario.
Global risk assets are under strain as Asia leads a sharp sell-off, with South Korea’s Kospi falling 10% after losing critical support. Semiconductor profit-taking and broader equity weakness have pushed the S&P 500 below trendline support, while gold tests $4,200 resistance amid geopolitical shifts.
Market volatility is expected to rise ahead of a key FOMC decision, with Fed Chair Kevin Warsh’s unscripted meeting framework adding uncertainty. The Nasdaq’s 100-day moving average at 24,733 remains a key technical level to watch.