The Nasdaq remains under short-term pressure as investors await fresh economic data and continue to assess the outlook for AI-related stocks. The 29590 resistance level remains the key barrier that will determine the next major move.

Technically

As long as the price remains below 29590, the market is expected to consolidate with a bearish bias toward 29370.

A 1H or 4H candle close below 29215 would confirm bearish continuation toward 28860, followed by 28610.

However, a 1H or 4H candle close above 29590 would invalidate the bearish scenario and support a bullish move toward 29980, with the next upside target at 30320.

Pivot Line: 29590
Support: 29215 – 28860 – 28610
Resistance: 29980 – 30320