#BinancePick
1. Nasdaq Composite made its all-time peak at 27,722 on Oct 6, 2026.
2. Today, Oct 26, it closed at 25,955.34, trading below its 50-day and 100-day averages.
3. The index is stuck in a range for months near its record high but showing technical weakness.
4. Latest news: Q3 earnings beat expectations, revenue up 13% and recurring revenue hit $3.4B record.
5. Goldman, Morgan Stanley, JPMorgan all raised Nasdaq stock price targets to $120-$132 this week.
6. Current chart shows risk of breaking 23.6% Fibonacci support at 26,063 and Sept 16 low at 25,802.
7. If it falls further, next supports are 25,500 (Gann line) and strong cluster at 25,000.
8. A drop to 25,000 would be -9% from peak, signaling major sentiment shift.
9. Bulls need to reclaim 26,254 and 26,599 to regain momentum.
10. Upcoming catalysts: FOMC Fed decision on Wednesday, PCE inflation, and Big Tech earnings (Apple, Microsoft, Amazon, Meta).
11. Bull case target: break above 29,890 if earnings show strong AI monetization; Bear case: below 28,930 could expose 27,330.
#AnthropicTTMRevenueGrewAbout1200% #AnthropicTTMRevenueGrewAbout1200% #SouthKoreaReportedlyWeighsFourthCryptoTaxDelay
1. Nasdaq Composite made its all-time peak at 27,722 on Oct 6, 2026.
2. Today, Oct 26, it closed at 25,955.34, trading below its 50-day and 100-day averages.
3. The index is stuck in a range for months near its record high but showing technical weakness.
4. Latest news: Q3 earnings beat expectations, revenue up 13% and recurring revenue hit $3.4B record.
5. Goldman, Morgan Stanley, JPMorgan all raised Nasdaq stock price targets to $120-$132 this week.
6. Current chart shows risk of breaking 23.6% Fibonacci support at 26,063 and Sept 16 low at 25,802.
7. If it falls further, next supports are 25,500 (Gann line) and strong cluster at 25,000.
8. A drop to 25,000 would be -9% from peak, signaling major sentiment shift.
9. Bulls need to reclaim 26,254 and 26,599 to regain momentum.
10. Upcoming catalysts: FOMC Fed decision on Wednesday, PCE inflation, and Big Tech earnings (Apple, Microsoft, Amazon, Meta).
11. Bull case target: break above 29,890 if earnings show strong AI monetization; Bear case: below 28,930 could expose 27,330.
#AnthropicTTMRevenueGrewAbout1200% #AnthropicTTMRevenueGrewAbout1200% #SouthKoreaReportedlyWeighsFourthCryptoTaxDelay
