#MarketRebound

$WCT 🚀🚀🚀

🔄 Nasdaq & Tech Sector Rebound Update

Recent Performance:

• Nasdaq Composite has gained about 8% in the last 3 weeks, recovering from earlier dips.

• Technology stocks like Apple, Microsoft, Nvidia, and Meta have led the charge with double-digit percentage gains recently.

Key Technical Signals Indicating Rebound:

• RSI (Relative Strength Index): The Nasdaq moved from oversold levels (below 30) to a healthier range around 55-60, suggesting renewed buying interest.

• Moving Averages: The index recently crossed back above its 50-day moving average, a classic bullish sign.

• Volume: Increased trading volume on up days, indicating strong demand from buyers.

ETF Impact:

• QQQ and QQQM: Both have rallied 7-9% alongside the Nasdaq, showing solid recovery in tech-focused ETFs.

• Leveraged ETFs: QLD and TQQQ surged even more sharply, but volatility remains high — best for short-term traders.

Market Sentiment:

• Analysts are cautiously optimistic but note the rebound could face resistance near prior highs.

• Tech valuations remain somewhat stretched, so the market is watching closely for earnings consistency.