{"id":439874,"date":"2026-10-12T18:12:12","date_gmt":"2026-10-12T11:12:12","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-nasdaq-could-be-vulnerable-to-near-term-weakness-as-traders-hedge-into-the-us-cpi-release-439874\/"},"modified":"2026-10-12T18:12:12","modified_gmt":"2026-10-12T11:12:12","slug":"the-nasdaq-could-be-vulnerable-to-near-term-weakness-as-traders-hedge-into-the-us-cpi-release","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-nasdaq-could-be-vulnerable-to-near-term-weakness-as-traders-hedge-into-the-us-cpi-release-439874\/","title":{"rendered":"The Nasdaq could be vulnerable to near-term weakness as traders hedge into the US CPI release"},"content":{"rendered":"
\n

The Nasdaq has found some support after Trump ruled out strikes on Iran before
\n the midterm elections. The prolonged stalemate, though, continues to keep the geopolitical
\n risk high. Over the weekend, Iran said that the US’s response to its
\n proposal to reopen the Strait of Hormuz was insufficient. <\/p>\n

The negotiations to
\n resolve the difference are still ongoing and Iran’s Foreign Ministry
\n Spokesperson said today that Tehran is still reviewing US positions and will
\n reply via intermediaries when the review is over. This is
\n likely to limit any downside move in crude prices until we finally get a breakthrough.\n <\/p>\n

The earnings season could bring more volatility than usual, but the focus
\n will remain mainly on US-Iran developments and the US CPI due on Wednesday. <\/p>\n

A hotter than expected core CPI could raise the
\n probabilities for a Fed rate hike in October and weigh on the Nasdaq. A soft
\n report, on the other hand, will likely provide a short-term boost. There\u2019s been
\n some hedging into CPI reports in the past months, so we could see some weakness
\n in the index ahead of the release. <\/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 recently but failed to extend the
\n gains. We have a major upward trendline defining the bullish structure on this
\n timeframe. If we get a pullback, we can expect the buyers to lean on the
\n trendline, with a defined risk below it, to position for a rally into new
\n record highs. The sellers, on the other hand, will look for a break lower to
\n the correction into the 28,750 level next. <\/p>\n<\/p>\n

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

\n

On
\n the 4 hour chart, <\/a>we have a minor
\n downward trendline defining the recent pullback. The sellers will likely continue
\n to lean on the trendline, with a defined risk above it, to keep targeting a
\n pullback into the upward trendline. The buyers, on the other hand, will look for
\n a break higher to pile in for a rally into new record highs, with the 31,500
\n level as the first target.<\/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 swing low around the 30,760 level that could act as support. The buyers will
\n likely step in there, with a defined risk below the level, to target a break
\n above the downward trendline and new record highs. The sellers, on the other
\n hand, will look for a break lower to increase the bearish bets into new lows,
\n targeting the upward trendline. The red lines define average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

On
\n Wednesday<\/a> we have the US CPI report. On Thursday, we get the US PPI, the US
\n Retail Sales and the latest US Jobless Claims figures.\u00a0 <\/p>\n

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

The Nasdaq has found some support after Trump ruled out strikes on Iran before the midterm elections. The prolonged stalemate, though, continues to keep the geopolitical risk high. Over the weekend, Iran…<\/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-439874","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439874","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=439874"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439874\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}