股市技术分析

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Nasdaq 100 and S&P Show Volatility as Jobs Data Cements Fed Pivot
FX Empire· 2025-09-05 18:46
Group 1 - Trump's tariff policies have contributed to current hiring weaknesses, with historic tariff rates leading to inflation fears and a pause in Fed rate cuts, but easing inflation risks now allow for potential rate cuts in September [1] - The shift in policy outlook has bolstered bullish sentiment in equities, particularly in the S&P 500 and Nasdaq, although there was a pullback from intraday highs due to caution near technical resistance [2] - Structural weaknesses in the job market are emerging, with potential job cuts estimated to reach up to 800,000, indicating a much weaker job market than previously thought [3] Group 2 - Political tensions have increased following Trump's decision to fire BLS Commissioner Erika McEntarfer after major data revisions, with his nominee suggesting the end of the monthly jobs report, leading to a focus on long-term trends rather than monthly figures [4] - Investors in tech and growth stocks within the Nasdaq are closely monitoring job revisions, as confirmation of deeper labor weakness could heighten expectations for prolonged Fed easing [5] Group 3 - The Nasdaq 100 has shown volatility, forming an inverted head and shoulders pattern and breaking above the neckline near the 22,700 region, indicating strong volatility [6] - Following the release of jobs data, the Nasdaq 100 experienced a sharp move higher but later pulled back, with key resistance at 24,500 and strong support around 22,700, suggesting potential for continuation or deeper correction [7]