Tech Sell-Off in Global Markets: Fed Expectations Shift

The headline points to selling pressure in technology stocks, suggesting that a shift in Fed expectations could negatively impact the market. Technically, the RSI at 62 is approaching overbought territory, while the MACD remains below its signal line, indicating weakening short-term momentum. The 4.14% rise over the last 24 hours may encounter selling pressure from the news, potentially leading to profit-taking. Although trading above the SMA20 supports the medium-term trend, the divergence between news flow and technical indicators in the short term increases the likelihood of a downward correction. Therefore, from a 1-3 day perspective, the NDX is expected to experience a slight pullback.

Weakness in technology sales and shifting Fed expectations could negatively impact risk appetite in the near term. With the RSI approaching overbought territory at 66, the MACD remains below its signal line, indicating weakening momentum. Although the price is attempting to hold above the SMA20, the divergence between news flow and technical indicators increases the likelihood of a downward correction. However, the strong 24-hour rally and positioning above the SMA50 suggest that any decline may be limited.

RSI at 73.8 indicates overbought conditions, increasing the risk of a short-term correction. MACD remains positive, but the gap between price and SMA20 (4264 vs 378) points to an extreme deviation. Tech sell-offs and shifts in Fed expectations could reduce risk appetite, boosting demand for safe havens like gold; however, this may also trigger profit-taking in GLD. A pullback from current highs is possible in the near term, but the decline is not expected to be severe.