Nasdaq Futures Rise After AI Selloff

The report indicates that Nasdaq futures rose following an AI-driven selloff, which can be read as a short-term recovery signal for GOOGL. However, the technical picture remains weak: the price is below the SMA20 and SMA50, MACD is in negative territory, and RSI at 42 reflects a neutral-to-weak level. As a result, upside potential is limited and fragile; if the price holds above 282.6, reaction buying may emerge. Downside risks could persist if the SMA20 (285) and SMA50 (291) resistances are not overcome. Overall, a cautious recovery expectation prevails.

The NDX has suffered a sharp decline exceeding 6% over the past 24 hours, with its RSI entering oversold territory at 22. The headline implies a recovery in futures following an AI-driven selloff, which could point to short-term bargain hunting. However, the price remains markedly below the SMA20 and SMA50, and the MACD is in negative territory, meaning the trend is still weak. While oversold conditions support a limited upward correction, there is no confirmation of a lasting reversal. I therefore expect a moderate upward bias over the 1-3 day outlook, though confidence is moderate.

NVDA fell 12% in 24 hours, entering oversold territory; with an RSI of 17.7, this historically increases the probability of a relief rally. Rising Nasdaq futures signal a short-term recovery after the AI selloff. However, the price remains well below the SMA20 and SMA50, and MACD is in negative territory, indicating the trend is still weak. Therefore, while a 1-3 day bounce appears likely, confirmation is needed for a lasting reversal. Confidence should be kept at a moderate level.

AMD has suffered a sharp decline exceeding 16% in 24 hours, with its RSI at 23 entering oversold territory. MACD is negative and the price is well below the SMA20/SMA50, indicating a weak medium-term trend. However, the news headline shows Nasdaq futures recovering after the artificial intelligence selloff; this could support short-term bargain hunting in oversold technology stocks. Still, this is not a trend reversal signal, only a possible technical bounce; therefore I maintain the direction as 'up' but with moderate confidence.