NASDAQ Market Analysis for July 8, 2026
The index is showing a highly precise execution of the downward margin cycle, having found support within the gold zone.
Currently, the target is at 1.4, where the market will determine whether to push through to the 1/2 level or bounce lower to retest local extremes.
Earlier, Nasdaq 100 futures fell by 1.34% this morning following the announcement by U.S. President Donald Trump regarding the termination of the truce with Iran. This triggered a rally in oil prices and bonds.
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