NASDAQ Market Analysis for October 29, 2026

[OveFinance]

NASDAQ Market Analysis for October 29, 2026​

Yesterday, toward the end of the U.S. session, the release of earnings reports from major tech firms saw Google drag the NASDAQ lower due to a quarterly net cash flow deficit. Capital expenditure on data centers is currently running excessively high.

Prior to the decline, the index completed its bullish margin cycle, touching the target zone with precision.

Today, I will be monitoring the 1/2 level for a potential move back to the downside.

Short positions only become viable if we break below the recent lows and form a confirmed pattern, with a potential target zone at 28920-29000.

Explore more in the NASDAQ-100 Trading Hub →

 

[OveFinance]

NASDAQ Key Levels​

Key support and resistance levels (strikes) for the NASDAQ index.