{"id":438752,"date":"2026-09-24T18:01:05","date_gmt":"2026-09-24T11:01:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-risks-erasing-all-post-fomc-gains-amid-increasing-oil-prices-and-fed-rate-hike-bets-438752\/"},"modified":"2026-09-24T18:01:05","modified_gmt":"2026-09-24T11:01:05","slug":"nasdaq-risks-erasing-all-post-fomc-gains-amid-increasing-oil-prices-and-fed-rate-hike-bets","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-risks-erasing-all-post-fomc-gains-amid-increasing-oil-prices-and-fed-rate-hike-bets-438752\/","title":{"rendered":"Nasdaq risks erasing all post-FOMC gains amid increasing oil prices and Fed rate hike bets"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

The Nasdaq has been supported into new record highs after the Fed projected
\n a less hawkish path for interest rates than the market had priced, effectively showing
\n low appetite for extended tightening. <\/p>\n

Moreover, the
\n significant drop in oil prices on growing expectations of a de-escalation and
\n an earlier end to the conflict supported the risk sentiment, keeping the Nasdaq
\n bid into new highs. At the UN General
\n Assembly, though, Trump poured some cold water on those expectations as he
\n repeated that the US would make a deal with Iran after the November elections. <\/p>\n

The general risk sentiment started to deteriorate as oil prices began
\n rising again and dragged the Nasdaq lower. Eventually the bearish momentum
\n increased yesterday after the US Flash PMIs<\/a> showed a much stronger
\n growth than expected and triggered another hawkish repricing that sent Treasury
\n yields to new highs.\u00a0All else being equal, we might see the Nasdaq erasing all the gains since the FOMC decision.<\/p>\n

The focus will remain
\n on interest rates expectations and Middle East developments. If the markets start to sense an earlier end to the
\n war or we get a surprising breakthrough, then we can expect oil prices to
\n decline, triggering a dovish repricing and supporting the Nasdaq. <\/p>\n

Conversely, if things remain unchanged or even
\n re-escalate, we can expect crude oil to remain supported into new highs and
\n weigh on the stock market as rate hike bets will continue to increase.<\/p>\n

\u00a0<\/p>\n

NASDAQ TECHNICAL
\n ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On
\n the daily chart, <\/a>we can see <\/a>the Nasdaq printed a new all-time high this week but couldn\u2019t extend the
\n gains as negative macro developments dragged prices lower. We have a major
\n upward trendline defining the bullish structure on this timeframe. <\/p>\n

If we get a pullback, we can expect the buyers to lean on the trendline
\n with a defined risk below it to position for a rally into new record highs. The
\n sellers, on the other hand, will look for a break lower to extend the
\n correction into the 27,203 level with the swing low at 28,800 as the first
\n target.<\/p>\n<\/p>\n

NASDAQ TECHNICAL
\n ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On
\n the 4 hour chart, <\/a>we have the
\n swing high around the 30,300 level that could act as support. We can expect the
\n buyers to step in around these levels with a defined risk below the swing high
\n to position for a rally into new highs. The sellers, on the other hand, will look
\n for a break lower to pile in for a drop into the major trendline next.<\/a><\/p>\n<\/p>\n

NASDAQ TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, we
\n have a minor downward trendline defining the bearish momentum on this timeframe.
\n The sellers will likely lean on the trendline with a defined risk above it to
\n keep pushing into new lows. The buyers, on the other hand, will look for a
\n break higher to increase the bullish bets into new record highs. The red lines
\n define average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we have the Trump-Xi meeting and the US Jobless Claims
\n data, but the focus will remain on the US-Iran developments and interest rate
\n expectations.<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

FUNDAMENTAL OVERVIEW \u00a0 The Nasdaq has been supported into new record highs after the Fed projected a less hawkish path for interest rates than the market had priced, effectively showing low appetite…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-438752","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=438752"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438752\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}