NAS100 - Stock Market, Waiting for the Latest Earnings Report!US Tech 100 CashIG:NASDAQAli_PSNDThe Nasdaq is trading below the EMA200 and EMA50 on the four-hour time frame and is trading in its descending channel. In case of an upward correction towards the channel ceiling, which is also at the intersection of the specified supply zones, one can look for further Nasdaq short positions with appropriate risk-reward. A decline in the Nasdaq towards the demand zone will also create a buying position. The U.S. stock market has entered one of the most critical phases of the current earnings season this week. Earnings reports from Alphabet (Google) and Tesla, scheduled for release today, could play a decisive role in determining the direction of the Nasdaq and the broader technology sector, as both companies rank among the largest constituents of the S&P 500 and Nasdaq 100 indices. Tomorrow, Intel will also report its earnings, providing one of the market's most important indicators for the semiconductor industry. The report is expected to offer fresh insights into chip demand, investment trends in artificial intelligence, and the overall technology production cycle. At this stage, investors are placing greater emphasis on managements' forward guidance for the coming months than on the financial performance of the previous quarter. Nevertheless, geopolitical risk remains the most significant factor outside corporate financial results. Rising tensions between Iran and the United States have prompted many investors to adopt a more cautious stance, as any further escalation could drive oil prices higher, intensify inflationary pressures, and alter expectations regarding future Federal Reserve interest rate cuts. As a result, even if corporate earnings exceed expectations, persistent or worsening geopolitical tensions could limit the market's upside momentum. Consequently, traders this week will need to closely monitor both corporate earnings reports and political headlines, as each has the potential to significantly influence the market's short-term direction.