Post #15263

Possible Breaking Point, Again? The Nasdaq futures are under pressure, trading below the key 25,200 support level. This breakdown signals potential short-term weakness, though it’s worth remembering that the last major selloff on October 10th sparked a swift rebound as dip-buyers stepped in. Markets are reeling from renewed concerns over economic health and overvaluation in major tech names. With the AI trade showing cracks and investors rotating defensively, sentiment has shifted into defense mode. If selling pressure continues, a deeper correction could take shape with the Nasdaq targeting the next key level near 24,000. However, if fear indicators like the Put-Call ratio start flashing extreme pessimism again, contrarian buyers could see this as another opportunity to accumulate at discount levels. At the moment, EdgeFinder’s Put-Call ratio isn’t at extreme levels yet, but it’s worth monitoring as the market develops today.