{"id":34815,"date":"2026-10-16T23:00:00","date_gmt":"2026-10-16T23:00:00","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=34815"},"modified":"2026-10-16T21:29:35","modified_gmt":"2026-10-16T21:29:35","slug":"nasdaq-100-eyes-key-support-as-inflation-and-ai-concerns-shake-wall-street","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/weekly-outlook\/nasdaq-100-eyes-key-support-as-inflation-and-ai-concerns-shake-wall-street\/","title":{"rendered":"Nasdaq\u00a0100\u00a0Eyes\u00a0Key\u00a0Support\u00a0as\u00a0Inflation\u00a0and\u00a0AI\u00a0Concerns\u00a0Shake\u00a0Wall\u00a0Street"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Markets&nbsp;are&nbsp;caught&nbsp;between&nbsp;persistent&nbsp;inflation,&nbsp;the&nbsp;prospect&nbsp;of&nbsp;further&nbsp;Federal&nbsp;Reserve&nbsp;rate&nbsp;hikes&nbsp;and&nbsp;growing&nbsp;concerns&nbsp;over&nbsp;the&nbsp;sustainability&nbsp;of&nbsp;the&nbsp;artificial&nbsp;intelligence&nbsp;investment&nbsp;boom.&nbsp;With&nbsp;the&nbsp;Nasdaq&nbsp;100&nbsp;retreating&nbsp;towards&nbsp;a&nbsp;key&nbsp;technical&nbsp;support&nbsp;area,&nbsp;the&nbsp;coming&nbsp;week&nbsp;could&nbsp;prove&nbsp;important&nbsp;for&nbsp;the&nbsp;direction&nbsp;of&nbsp;US&nbsp;equities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Wall&nbsp;Street&nbsp;caught&nbsp;between&nbsp;two&nbsp;competing&nbsp;risks<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Wall&nbsp;Street&nbsp;enters&nbsp;the&nbsp;new&nbsp;trading&nbsp;week&nbsp;facing&nbsp;an&nbsp;increasingly&nbsp;complicated&nbsp;outlook.&nbsp;Just&nbsp;as&nbsp;investors&nbsp;were&nbsp;adjusting&nbsp;to&nbsp;the&nbsp;possibility&nbsp;of&nbsp;further&nbsp;Federal&nbsp;Reserve&nbsp;interest&nbsp;rate&nbsp;hikes,&nbsp;concerns&nbsp;surrounding&nbsp;the&nbsp;financial&nbsp;sustainability&nbsp;of&nbsp;the&nbsp;artificial&nbsp;intelligence&nbsp;boom&nbsp;have&nbsp;introduced&nbsp;another&nbsp;source&nbsp;of&nbsp;uncertainty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;latest&nbsp;US&nbsp;inflation&nbsp;figures&nbsp;surprised&nbsp;to&nbsp;the&nbsp;upside,&nbsp;reinforcing&nbsp;concerns&nbsp;that&nbsp;price&nbsp;pressures&nbsp;remain&nbsp;too&nbsp;persistent&nbsp;for&nbsp;the&nbsp;Fed&nbsp;to&nbsp;comfortably&nbsp;ease&nbsp;monetary&nbsp;policy.&nbsp;Higher&nbsp;inflation&nbsp;typically&nbsp;strengthens&nbsp;the&nbsp;case&nbsp;for&nbsp;tighter&nbsp;policy,&nbsp;pushing&nbsp;borrowing&nbsp;costs&nbsp;higher&nbsp;and&nbsp;weighing&nbsp;on&nbsp;equity&nbsp;valuations,&nbsp;particularly&nbsp;among&nbsp;growth-oriented&nbsp;technology&nbsp;companies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However,&nbsp;the&nbsp;bond&nbsp;market&#8217;s&nbsp;initial&nbsp;reaction&nbsp;proved&nbsp;short-lived.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">US&nbsp;two-year&nbsp;swap&nbsp;rates&nbsp;initially&nbsp;surged&nbsp;by&nbsp;approximately&nbsp;20&nbsp;basis&nbsp;points&nbsp;following&nbsp;the&nbsp;inflation&nbsp;release,&nbsp;before&nbsp;reversing&nbsp;as&nbsp;concerns&nbsp;surrounding&nbsp;AI&nbsp;infrastructure&nbsp;financing&nbsp;triggered&nbsp;a&nbsp;reassessment&nbsp;of&nbsp;the&nbsp;economic&nbsp;outlook.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At&nbsp;the&nbsp;centre&nbsp;of&nbsp;the&nbsp;latest&nbsp;uncertainty&nbsp;is&nbsp;AI&nbsp;cloud&nbsp;provider&nbsp;CoreWeave,&nbsp;whose&nbsp;shares&nbsp;and&nbsp;bonds&nbsp;have&nbsp;come&nbsp;under&nbsp;considerable&nbsp;selling&nbsp;pressure.&nbsp;Rising&nbsp;borrowing&nbsp;costs&nbsp;and&nbsp;the&nbsp;substantial&nbsp;debt&nbsp;required&nbsp;to&nbsp;finance&nbsp;data&nbsp;centres&nbsp;have&nbsp;raised&nbsp;questions&nbsp;about&nbsp;whether&nbsp;the&nbsp;sector&#8217;s&nbsp;aggressive&nbsp;investment&nbsp;cycle&nbsp;can&nbsp;maintain&nbsp;its&nbsp;current&nbsp;pace.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;concern&nbsp;extends&nbsp;beyond&nbsp;a&nbsp;single&nbsp;company.&nbsp;AI-related&nbsp;investment&nbsp;has&nbsp;become&nbsp;an&nbsp;important&nbsp;contributor&nbsp;to&nbsp;US&nbsp;economic&nbsp;growth,&nbsp;supporting&nbsp;demand&nbsp;for&nbsp;semiconductors,&nbsp;computing&nbsp;infrastructure,&nbsp;electricity&nbsp;and&nbsp;construction.&nbsp;Any&nbsp;meaningful&nbsp;slowdown&nbsp;in&nbsp;this&nbsp;spending&nbsp;could&nbsp;therefore&nbsp;have&nbsp;wider&nbsp;implications&nbsp;for&nbsp;corporate&nbsp;earnings&nbsp;and&nbsp;economic&nbsp;activity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This&nbsp;leaves&nbsp;investors&nbsp;navigating&nbsp;two&nbsp;competing&nbsp;risks:&nbsp;inflation&nbsp;that&nbsp;keeps&nbsp;interest&nbsp;rates&nbsp;higher&nbsp;for&nbsp;longer,&nbsp;and&nbsp;an&nbsp;increasingly&nbsp;fragile&nbsp;technology-led&nbsp;growth&nbsp;outlook&nbsp;that&nbsp;could&nbsp;eventually&nbsp;discourage&nbsp;further&nbsp;tightening.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Could&nbsp;the&nbsp;Fed&nbsp;be&nbsp;tightening&nbsp;into&nbsp;a&nbsp;slowing&nbsp;economy?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;dilemma&nbsp;facing&nbsp;the&nbsp;Federal&nbsp;Reserve&nbsp;is&nbsp;becoming&nbsp;increasingly&nbsp;apparent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While&nbsp;inflation&nbsp;remains&nbsp;elevated,&nbsp;there&nbsp;are&nbsp;reasons&nbsp;to&nbsp;believe&nbsp;some&nbsp;of&nbsp;the&nbsp;underlying&nbsp;pressures&nbsp;could&nbsp;moderate&nbsp;over&nbsp;the&nbsp;coming&nbsp;quarters.&nbsp;A&nbsp;subdued&nbsp;US&nbsp;housing&nbsp;market&nbsp;should&nbsp;gradually&nbsp;ease&nbsp;rental&nbsp;inflation,&nbsp;while&nbsp;slower&nbsp;wage&nbsp;growth&nbsp;could&nbsp;reduce&nbsp;pressure&nbsp;on&nbsp;labour-intensive&nbsp;services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nevertheless,&nbsp;rising&nbsp;energy&nbsp;prices,&nbsp;partly&nbsp;driven&nbsp;by&nbsp;ongoing&nbsp;Middle&nbsp;East&nbsp;tensions,&nbsp;complicate&nbsp;the&nbsp;outlook.&nbsp;Higher&nbsp;oil&nbsp;prices&nbsp;risk&nbsp;keeping&nbsp;headline&nbsp;inflation&nbsp;elevated&nbsp;while&nbsp;simultaneously&nbsp;squeezing&nbsp;household&nbsp;spending&nbsp;power&nbsp;and&nbsp;corporate&nbsp;profitability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile,&nbsp;economic&nbsp;growth&nbsp;outside&nbsp;the&nbsp;AI&nbsp;investment&nbsp;cycle&nbsp;appears&nbsp;considerably&nbsp;less&nbsp;convincing.&nbsp;Higher&nbsp;borrowing&nbsp;costs&nbsp;continue&nbsp;to&nbsp;weigh&nbsp;on&nbsp;interest-rate-sensitive&nbsp;industries,&nbsp;while&nbsp;financial&nbsp;pressure&nbsp;among&nbsp;lower-income&nbsp;consumers&nbsp;raises&nbsp;questions&nbsp;about&nbsp;the&nbsp;resilience&nbsp;of&nbsp;domestic&nbsp;demand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;risk&nbsp;is&nbsp;that&nbsp;monetary&nbsp;policy&nbsp;becomes&nbsp;increasingly&nbsp;restrictive&nbsp;for&nbsp;the&nbsp;broader&nbsp;economy,&nbsp;even&nbsp;as&nbsp;investment&nbsp;linked&nbsp;to&nbsp;artificial&nbsp;intelligence&nbsp;remains&nbsp;comparatively&nbsp;resilient.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For&nbsp;equity&nbsp;markets,&nbsp;the&nbsp;distinction&nbsp;matters.&nbsp;If&nbsp;inflation&nbsp;remains&nbsp;the&nbsp;dominant&nbsp;concern,&nbsp;further&nbsp;rate&nbsp;hikes&nbsp;could&nbsp;place&nbsp;additional&nbsp;pressure&nbsp;on&nbsp;valuations.&nbsp;Conversely,&nbsp;if&nbsp;growth&nbsp;concerns&nbsp;begin&nbsp;to&nbsp;outweigh&nbsp;inflation&nbsp;fears,&nbsp;expectations&nbsp;for&nbsp;future&nbsp;monetary&nbsp;tightening&nbsp;could&nbsp;soften.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That&nbsp;would&nbsp;not&nbsp;necessarily&nbsp;translate&nbsp;into&nbsp;an&nbsp;immediate&nbsp;equity&nbsp;recovery,&nbsp;particularly&nbsp;if&nbsp;deteriorating&nbsp;growth&nbsp;expectations&nbsp;begin&nbsp;to&nbsp;threaten&nbsp;corporate&nbsp;earnings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;coming&nbsp;weeks&nbsp;may&nbsp;therefore&nbsp;be&nbsp;less&nbsp;about&nbsp;whether&nbsp;the&nbsp;Fed&nbsp;raises&nbsp;rates&nbsp;again&nbsp;and&nbsp;more&nbsp;about&nbsp;whether&nbsp;the&nbsp;US&nbsp;economy&nbsp;can&nbsp;absorb&nbsp;further&nbsp;tightening&nbsp;without&nbsp;undermining&nbsp;the&nbsp;investment&nbsp;boom&nbsp;that&nbsp;has&nbsp;supported&nbsp;much&nbsp;of&nbsp;the&nbsp;market&#8217;s&nbsp;recent&nbsp;strength.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Economic&nbsp;calendar:&nbsp;What&nbsp;to&nbsp;watch&nbsp;next&nbsp;week<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Although&nbsp;next&nbsp;week&#8217;s&nbsp;calendar&nbsp;is&nbsp;relatively&nbsp;light&nbsp;on&nbsp;major&nbsp;US&nbsp;releases,&nbsp;several&nbsp;indicators&nbsp;could&nbsp;help&nbsp;investors&nbsp;assess&nbsp;whether&nbsp;growth&nbsp;is&nbsp;holding&nbsp;up&nbsp;against&nbsp;persistent&nbsp;inflation&nbsp;and&nbsp;tighter&nbsp;financial&nbsp;conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">US&nbsp;housing&nbsp;activity,&nbsp;weekly&nbsp;jobless&nbsp;claims&nbsp;and&nbsp;Friday&#8217;s&nbsp;preliminary&nbsp;PMI&nbsp;surveys&nbsp;will&nbsp;be&nbsp;particularly&nbsp;relevant.&nbsp;Meanwhile,&nbsp;UK&nbsp;inflation&nbsp;and&nbsp;employment&nbsp;figures&nbsp;could&nbsp;influence&nbsp;expectations&nbsp;for&nbsp;the&nbsp;Bank&nbsp;of&nbsp;England&#8217;s&nbsp;next&nbsp;policy&nbsp;decision.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>Date<\/th><th>Time&nbsp;(UK)<\/th><th>Currency<\/th><th>Economic&nbsp;event<\/th><th>Previous<\/th><th>Forecast<\/th><\/tr><tr><td>Mon&nbsp;19&nbsp;Oct<\/td><td>15:00<\/td><td>USD<\/td><td>NAHB&nbsp;Housing&nbsp;Market&nbsp;Index<\/td><td>32<\/td><td>31<\/td><\/tr><tr><td>Tue&nbsp;20&nbsp;Oct<\/td><td>07:00<\/td><td>GBP<\/td><td>Unemployment&nbsp;Rate<\/td><td>4.9%<\/td><td>4.9%<\/td><\/tr><tr><td>Tue&nbsp;20&nbsp;Oct<\/td><td>13:30<\/td><td>USD<\/td><td>Building&nbsp;Permits<\/td><td>1.403M<\/td><td>1.385M<\/td><\/tr><tr><td>Tue&nbsp;20&nbsp;Oct<\/td><td>13:30<\/td><td>USD<\/td><td>Housing&nbsp;Starts<\/td><td>1.275M<\/td><td>1.305M<\/td><\/tr><tr><td>Wed&nbsp;21&nbsp;Oct<\/td><td>07:00<\/td><td>GBP<\/td><td>CPI&nbsp;YoY<\/td><td>3.1%<\/td><td>3.4%<\/td><\/tr><tr><td>Thu&nbsp;22&nbsp;Oct<\/td><td>13:30<\/td><td>USD<\/td><td>Initial&nbsp;Jobless&nbsp;Claims<\/td><td>199K<\/td><td>200K<\/td><\/tr><tr><td>Fri&nbsp;23&nbsp;Oct<\/td><td>14:45<\/td><td>USD<\/td><td>Flash&nbsp;Manufacturing&nbsp;PMI<\/td><td>55.9<\/td><td>55.5<\/td><\/tr><tr><td>Fri&nbsp;23&nbsp;Oct<\/td><td>14:45<\/td><td>USD<\/td><td>Flash&nbsp;Services&nbsp;PMI<\/td><td>58.8<\/td><td>57.9<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Times&nbsp;are&nbsp;BST,&nbsp;with&nbsp;forecasts&nbsp;available&nbsp;as&nbsp;of&nbsp;16&nbsp;October&nbsp;2026.&nbsp;Sources:&nbsp;TD&nbsp;Economics,&nbsp;New&nbsp;York&nbsp;Fed&nbsp;and&nbsp;ONS.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thursday&#8217;s&nbsp;US&nbsp;initial&nbsp;jobless&nbsp;claims&nbsp;will&nbsp;offer&nbsp;another&nbsp;indication&nbsp;of&nbsp;labour&nbsp;market&nbsp;conditions.&nbsp;A&nbsp;sustained&nbsp;rise&nbsp;in&nbsp;claims&nbsp;could&nbsp;strengthen&nbsp;concerns&nbsp;about&nbsp;weakening&nbsp;employment,&nbsp;potentially&nbsp;reducing&nbsp;expectations&nbsp;for&nbsp;further&nbsp;Fed&nbsp;tightening.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Friday&#8217;s&nbsp;preliminary&nbsp;manufacturing&nbsp;and&nbsp;services&nbsp;PMI&nbsp;figures&nbsp;may&nbsp;prove&nbsp;particularly&nbsp;important.&nbsp;Investors&nbsp;will&nbsp;be&nbsp;watching&nbsp;whether&nbsp;business&nbsp;activity&nbsp;remains&nbsp;resilient&nbsp;or&nbsp;begins&nbsp;showing&nbsp;signs&nbsp;of&nbsp;slowing&nbsp;under&nbsp;the&nbsp;weight&nbsp;of&nbsp;higher&nbsp;borrowing&nbsp;costs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A&nbsp;weaker-than-expected&nbsp;reading&nbsp;could&nbsp;add&nbsp;to&nbsp;concerns&nbsp;about&nbsp;the&nbsp;broader&nbsp;economic&nbsp;outlook.&nbsp;However,&nbsp;stronger&nbsp;activity,&nbsp;particularly&nbsp;alongside&nbsp;persistent&nbsp;price&nbsp;pressures,&nbsp;could&nbsp;reinforce&nbsp;expectations&nbsp;that&nbsp;the&nbsp;Fed&nbsp;has&nbsp;more&nbsp;work&nbsp;to&nbsp;do.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;key&nbsp;question&nbsp;will&nbsp;be&nbsp;whether&nbsp;incoming&nbsp;data&nbsp;points&nbsp;towards&nbsp;an&nbsp;economy&nbsp;that&nbsp;is&nbsp;cooling&nbsp;sufficiently&nbsp;to&nbsp;ease&nbsp;inflation&nbsp;without&nbsp;suffering&nbsp;a&nbsp;more&nbsp;significant&nbsp;slowdown.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Nasdaq&nbsp;100&nbsp;technical&nbsp;outlook:&nbsp;March-anchored&nbsp;VWAP&nbsp;in&nbsp;focus<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"661\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/10\/image-103-1024x661.png\" alt=\"\" class=\"wp-image-34816\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/10\/image-103-1024x661.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/10\/image-103-300x194.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/10\/image-103-768x496.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/10\/image-103-1536x991.png 1536w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/10\/image-103-2048x1322.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Following&nbsp;a&nbsp;period&nbsp;of&nbsp;sustained&nbsp;strength,&nbsp;Nasdaq&nbsp;100&nbsp;futures&nbsp;have&nbsp;come&nbsp;under&nbsp;renewed&nbsp;selling&nbsp;pressure&nbsp;as&nbsp;investors&nbsp;reassess&nbsp;technology&nbsp;valuations&nbsp;against&nbsp;the&nbsp;backdrop&nbsp;of&nbsp;higher&nbsp;interest&nbsp;rates&nbsp;and&nbsp;growing&nbsp;uncertainty&nbsp;surrounding&nbsp;AI&nbsp;investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;recent&nbsp;decline&nbsp;has&nbsp;brought&nbsp;attention&nbsp;to&nbsp;an&nbsp;important&nbsp;technical&nbsp;area:&nbsp;the&nbsp;anchored&nbsp;volume-weighted&nbsp;average&nbsp;price&nbsp;(AVWAP)&nbsp;measured&nbsp;from&nbsp;the&nbsp;March&nbsp;2026&nbsp;lows.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This&nbsp;indicator&nbsp;represents&nbsp;the&nbsp;average&nbsp;price&nbsp;paid,&nbsp;weighted&nbsp;by&nbsp;trading&nbsp;volume,&nbsp;since&nbsp;the&nbsp;selected&nbsp;March&nbsp;low.&nbsp;It&nbsp;provides&nbsp;a&nbsp;useful&nbsp;reference&nbsp;for&nbsp;assessing&nbsp;whether&nbsp;buyers&nbsp;who&nbsp;participated&nbsp;in&nbsp;the&nbsp;subsequent&nbsp;advance&nbsp;may&nbsp;defend&nbsp;their&nbsp;positions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As&nbsp;prices&nbsp;approach&nbsp;this&nbsp;area,&nbsp;the&nbsp;March-anchored&nbsp;VWAP&nbsp;could&nbsp;offer&nbsp;a&nbsp;potential&nbsp;zone&nbsp;of&nbsp;dynamic&nbsp;support.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A&nbsp;successful&nbsp;test,&nbsp;followed&nbsp;by&nbsp;signs&nbsp;of&nbsp;buying&nbsp;interest&nbsp;and&nbsp;a&nbsp;recovery&nbsp;in&nbsp;upward&nbsp;momentum,&nbsp;would&nbsp;support&nbsp;the&nbsp;possibility&nbsp;that&nbsp;the&nbsp;current&nbsp;decline&nbsp;represents&nbsp;a&nbsp;corrective&nbsp;move&nbsp;within&nbsp;the&nbsp;broader&nbsp;advance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Such&nbsp;a&nbsp;development&nbsp;could&nbsp;open&nbsp;the&nbsp;door&nbsp;to&nbsp;a&nbsp;recovery&nbsp;towards&nbsp;recent&nbsp;resistance&nbsp;levels,&nbsp;particularly&nbsp;if&nbsp;Treasury&nbsp;yields&nbsp;stabilise&nbsp;and&nbsp;concerns&nbsp;surrounding&nbsp;AI&nbsp;financing&nbsp;begin&nbsp;to&nbsp;ease.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However,&nbsp;the&nbsp;bullish&nbsp;scenario&nbsp;remains&nbsp;conditional.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A&nbsp;sustained&nbsp;break&nbsp;below&nbsp;the&nbsp;anchored&nbsp;VWAP,&nbsp;particularly&nbsp;if&nbsp;accompanied&nbsp;by&nbsp;stronger&nbsp;selling&nbsp;volume&nbsp;and&nbsp;weakening&nbsp;market&nbsp;breadth,&nbsp;would&nbsp;suggest&nbsp;that&nbsp;the&nbsp;correction&nbsp;may&nbsp;have&nbsp;further&nbsp;to&nbsp;run.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In&nbsp;that&nbsp;scenario,&nbsp;attention&nbsp;could&nbsp;shift&nbsp;towards&nbsp;lower&nbsp;structural&nbsp;support&nbsp;areas&nbsp;as&nbsp;investors&nbsp;continue&nbsp;adjusting&nbsp;their&nbsp;expectations&nbsp;for&nbsp;monetary&nbsp;policy&nbsp;and&nbsp;technology-sector&nbsp;earnings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our&nbsp;base&nbsp;case&nbsp;is&nbsp;that&nbsp;the&nbsp;March-anchored&nbsp;VWAP&nbsp;represents&nbsp;an&nbsp;important&nbsp;potential&nbsp;support&nbsp;area,&nbsp;where&nbsp;buyers&nbsp;may&nbsp;attempt&nbsp;to&nbsp;regain&nbsp;control.&nbsp;Nevertheless,&nbsp;confirmation&nbsp;through&nbsp;price&nbsp;action&nbsp;will&nbsp;be&nbsp;important&nbsp;before&nbsp;interpreting&nbsp;any&nbsp;recovery&nbsp;as&nbsp;a&nbsp;more&nbsp;durable&nbsp;reversal.Technical&nbsp;analysis&nbsp;is&nbsp;based&nbsp;on&nbsp;the&nbsp;proposed&nbsp;March-anchored&nbsp;VWAP&nbsp;setup;&nbsp;an&nbsp;exact&nbsp;NQ&nbsp;chart&nbsp;and&nbsp;live&nbsp;AVWAP&nbsp;level&nbsp;have&nbsp;not&nbsp;been&nbsp;supplied,&nbsp;so&nbsp;a&nbsp;support&nbsp;test&nbsp;is&nbsp;not&nbsp;yet&nbsp;confirmed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Outlook&nbsp;for&nbsp;the&nbsp;week&nbsp;ahead<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;Nasdaq&nbsp;100&nbsp;enters&nbsp;the&nbsp;new&nbsp;week&nbsp;at&nbsp;an&nbsp;interesting&nbsp;crossroads.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Persistent&nbsp;inflation&nbsp;continues&nbsp;to&nbsp;challenge&nbsp;expectations&nbsp;for&nbsp;monetary&nbsp;policy,&nbsp;while&nbsp;growing&nbsp;concerns&nbsp;over&nbsp;AI&nbsp;infrastructure&nbsp;financing&nbsp;threaten&nbsp;one&nbsp;of&nbsp;the&nbsp;principal&nbsp;drivers&nbsp;of&nbsp;US&nbsp;equity-market&nbsp;performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For&nbsp;now,&nbsp;the&nbsp;broader&nbsp;outlook&nbsp;remains&nbsp;uncertain&nbsp;rather&nbsp;than&nbsp;decisively&nbsp;bearish.&nbsp;The&nbsp;Fed&#8217;s&nbsp;next&nbsp;steps&nbsp;will&nbsp;depend&nbsp;on&nbsp;whether&nbsp;inflation&nbsp;remains&nbsp;stubbornly&nbsp;elevated&nbsp;or&nbsp;whether&nbsp;signs&nbsp;of&nbsp;slowing&nbsp;economic&nbsp;activity&nbsp;begin&nbsp;to&nbsp;justify&nbsp;a&nbsp;more&nbsp;cautious&nbsp;approach.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Against&nbsp;this&nbsp;backdrop,&nbsp;the&nbsp;March-anchored&nbsp;VWAP&nbsp;on&nbsp;Nasdaq&nbsp;100&nbsp;futures&nbsp;could&nbsp;become&nbsp;an&nbsp;important&nbsp;technical&nbsp;reference&nbsp;in&nbsp;the&nbsp;coming&nbsp;sessions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A&nbsp;constructive&nbsp;reaction&nbsp;around&nbsp;this&nbsp;support&nbsp;area,&nbsp;particularly&nbsp;alongside&nbsp;stabilising&nbsp;bond&nbsp;yields,&nbsp;would&nbsp;strengthen&nbsp;the&nbsp;case&nbsp;for&nbsp;a&nbsp;near-term&nbsp;recovery.&nbsp;Conversely,&nbsp;a&nbsp;decisive&nbsp;break&nbsp;lower&nbsp;could&nbsp;suggest&nbsp;that&nbsp;the&nbsp;market&#8217;s&nbsp;reassessment&nbsp;of&nbsp;growth&nbsp;and&nbsp;interest-rate&nbsp;expectations&nbsp;has&nbsp;further&nbsp;to&nbsp;run.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For&nbsp;the&nbsp;week&nbsp;ahead,&nbsp;our&nbsp;attention&nbsp;remains&nbsp;on&nbsp;whether&nbsp;buyers&nbsp;can&nbsp;defend&nbsp;this&nbsp;technical&nbsp;support&nbsp;area&nbsp;as&nbsp;markets&nbsp;attempt&nbsp;to&nbsp;find&nbsp;a&nbsp;balance&nbsp;between&nbsp;inflation&nbsp;risks&nbsp;and&nbsp;increasingly&nbsp;uncertain&nbsp;growth&nbsp;expectations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Nasdaq\u00a0100\u00a0approaches\u00a0a\u00a0key\u00a0March-anchored\u00a0VWAP\u00a0support\u00a0area\u00a0as\u00a0persistent\u00a0US\u00a0inflation\u00a0and\u00a0growing\u00a0AI\u00a0financing\u00a0concerns\u00a0unsettle\u00a0Wall\u00a0Street.<\/p>\n","protected":false},"author":162,"featured_media":34822,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[14],"class_list":["post-34815","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-weekly-outlook"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nasdaq\u00a0100\u00a0Eyes\u00a0Key\u00a0Support\u00a0as\u00a0Inflation\u00a0and\u00a0AI\u00a0Concerns\u00a0Shake\u00a0Wall\u00a0Street - Alchemy Markets<\/title>\n<meta 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