Markets Pull Back Before Opening Amid Uncertainty Over US‑Iran Talks

Uncertainty surrounding US‑Iran talks has caused the NDX to retreat before the market opens. The MACD is below the signal line, while the RSI sits around 58, indicating a short‑term exit from the overbought region. Although the index remains above the 20‑day SMA, the negative MACD and downward trend suggest a modest decline is likely within 1‑3 days. However, since the technical indicators are above the 20‑day average, a sharp drop is unlikely; a gradual pullback is more probable. Market participants await clarification of the talks, and the NDX is expected to face a slight decline in the near term.

The Dow Jones Industrial Average closed at 48,869, a decline of 0.61% over the past 24 hours. Technical indicators show an RSI of 37.7 and a negative MACD, with the index trading below both the 20‑ and 50‑day moving averages, signaling short‑term weakness. Uncertainty surrounding U.S.–Iran negotiations triggered a pullback at the open, dampening market sentiment. A downward trend is expected to persist over the next one to three days, although a sudden rebound cannot be ruled out. Consequently, short‑term guidance remains bearish, but should be closely monitored with prudent risk management.

The uncertainty surrounding US‑Iran talks could trigger a risk‑off environment, boosting demand for the dollar as a safe haven. Despite a 24‑hour decline of 0.4 % in the DXY, the index remains in an oversold zone that still carries short‑term recovery potential. Key technical signals include an RSI of 34 and the SMA20 positioned above the SMA50, both suggesting a rebound. However, the MACD is negative and sits above its signal line, indicating short‑term uncertainty. Overall, the prevailing risk‑off trend may lead to a modest short‑term rise in the dollar, though the magnitude of this move is likely to remain limited depending on the pace of developments.