Nasdaq Index Hits a New All-Time High!Nasdaq 100 SPOTCFI:US100CFIThe Nasdaq index has been supported by positive momentum in the technology sector, as quantum computing stocks surged this week following Nvidia’s announcement of open-source AI models aimed at accelerating the development of this technology. This news boosted investor sentiment, leading to strong gains in companies such as IonQ, D-Wave, and Rigetti. This optimism is further driven by increasing investments from major tech giants like Microsoft, Amazon, and Alphabet, alongside U.S. government support. Quantum computing is expected to play a pivotal role in the future, particularly in areas such as drug discovery and solving complex problems. Although the direct impact of these companies on the index remains relatively limited, the broader tech sector momentum continues to support Nasdaq’s overall trend. Technically, on the 4-hour timeframe, the Nasdaq index is trading within a clear uptrend, having recorded a new all-time high at 26,400. As shown on the chart, traders are closely monitoring short-term exponential moving averages, specifically the EMA 5 (blue), EMA 10 (red), and EMA 21 (yellow). As long as the EMA 5 and EMA 10 remain above the EMA 21, this supports the continuation of the bullish trend and the potential for further highs. On the other hand, if the EMA 5 declines and crosses below both the EMA 10 and EMA 21, this would be considered a negative signal, one that has not occurred since the latest rally began on March 31, 2026, and could open the door for a notable correction toward the 25,800 level.