Nasdaq Slips as Traders Brace for Nvidia EarningsUS Nas 100OANDA:NAS100USDSroshMayiUSNAS100 | Overview Traders remain firmly in risk-off mode as concerns grow over stretched AI and tech valuations ahead of Nvidia’s earnings, set for release after tomorrow’s market close. Nvidia shares are already down about 1% in premarket trading, reflecting cautious sentiment across the tech sector. At the same time, investors are watching for the resumption of key U.S. economic data, including the jobs report due Thursday, after recent shutdown-related delays. There is growing worry that incoming data may discourage the Fed from delivering further rate cuts, adding pressure to equity markets. Technically: USNAS100 continues to trade under bearish pressure, and as long as the price remains below 24760, the downtrend is expected to continue toward 24575. A break below 24575 would open the next bearish targets at 24340 and 24150. To shift into bullish movement, the index must close a 1H candle above 24880, which would signal a rebound toward 25010 and 25230. Key Levels Pivot Line: 24760 Support: 24575 · 24340 · 24150 Resistance: 24880 · 25010 · 25230