NASDAQ Analysis for June 2, 2026
Yesterday's projections were confirmed; we saw a correction from the highs, although the highs were re-tested during the U.S. session following a retracement to the quarter margin zone.
We are currently hovering near the balance levels, and to sustain the bullish momentum, we need to clear both the balance areas and the recent extreme to target the margin zone at 30970.
There is still a risk of a downward move from current balance levels.
Market narrative is shifting:
Citigroup strategists are highlighting the potential for a correction due to overextended positioning in the U.S. technology sector.