NASDAQ: AI optimism tests the 30,000 resistanceUS Tech 100 CashIG:NASDAQProfessorSingaporeNASDAQ: AI optimism tests the 30,000 resistance NASDAQ is trading near 29,800 after a strong recovery from the 27,310 support area. What happened? The index is being supported by renewed AI optimism. Palantir led the move after strong earnings and raised guidance, helping improve sentiment across AI-related stocks. At the same time, lower oil prices and easing geopolitical concerns improved risk appetite. Lower oil can reduce inflation pressure, which is supportive for growth stocks. Why is the market reacting? AI earnings matter because investors want proof that AI spending is turning into real revenue growth. When companies deliver strong results and raise guidance, the market becomes more willing to pay higher valuations for tech stocks. But this also creates a risk. After a sharp rally, NASDAQ becomes more sensitive to valuation concerns, Treasury yields and any disappointment in future earnings guidance. Technical context NASDAQ is now trading above the EMA 9, EMA 20, SMA 50 and SMA 200. This confirms a strong short-term bullish shift after the recent correction. However, price is now testing the important 29,840–30,000 resistance zone. MACD is positive, but the move is already extended, so confirmation is needed before calling it a clean breakout. Scenarios 🟢 Bullish scenario: A clean 4H close above 29,840–30,000 could confirm continuation toward 30,250–30,500. 🔴 Bearish scenario: If buyers fail near 30,000, NASDAQ could pull back toward 29,125–29,000, where the SMA 200 may act as support. ⚪ Neutral scenario: While price stays below 30,000 but above 29,125, NASDAQ may consolidate after the sharp rally. For now, the key question is simple: can AI optimism push NASDAQ through 30,000, or is the rally already stretched? ⚠️ Not financial advice.