USNAS100 - Tech Weakness & Tariffs Drag NASDAQ LowerUS Nas 100OANDA:NAS100USDSroshMayiTariff Day Pressure Builds as Amazon Miss Weighs on Markets Markets were hit by a wave of risk-off sentiment on Friday as renewed tariff headlines, weakness in pharma stocks, and a disappointing earnings report from Amazon clouded investor confidence. All this comes just ahead of the U.S. jobs report, which is expected to challenge the market's already diminished expectations for Fed rate cuts. While macro markets appeared resilient earlier in the week, Wall Street futures and global equities turned cautious as sentiment deteriorated. NASDAQ – Technical Outlook The NASDAQ has dropped nearly 850 points from its recent all-time high of 23690, as anticipated in previous updates. The index remains under bearish pressure. For today, the market is expected to remain sensitive due to recent macro and earnings-driven volatility. If the price breaks below 22875, the decline is likely to extend toward 22710, with a deeper support zone at 22615. To shift back to a bullish bias, the index must break and close above 23045 on the 1H chart. Support Levels: 22875 • 22710 • 22615 Resistance Levels: 23140 • 23240 • 23320 Bias: Bearish while below 23045 Bullish confirmation: 1H close above 23045