{"id":440469,"date":"2026-10-20T20:40:07","date_gmt":"2026-10-20T13:40:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-nasdaq-remains-under-pressure-amid-an-ugly-mix-of-higher-inflation-growth-concerns-and-widening-credit-spreads-440469\/"},"modified":"2026-10-20T20:40:07","modified_gmt":"2026-10-20T13:40:07","slug":"the-nasdaq-remains-under-pressure-amid-an-ugly-mix-of-higher-inflation-growth-concerns-and-widening-credit-spreads","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-nasdaq-remains-under-pressure-amid-an-ugly-mix-of-higher-inflation-growth-concerns-and-widening-credit-spreads-440469\/","title":{"rendered":"The Nasdaq remains under pressure amid an ugly mix of higher inflation, growth concerns and widening credit spreads"},"content":{"rendered":"
\n

The Nasdaq sold off sharply
\n last week as the negative sentiment from higher than expected US inflation data
\n was compounded by growing concerns about the economic outlook. <\/p>\n

Credit spreads continue to
\n widen, credit default swap spreads for AI-linked hyperscalers and data center
\n operators have surged to record highs, and the Federal Reserve is forced to
\n keep a hawkish bias amid higher inflation.<\/p>\n

Moreover, oil prices continue
\n to surge amid stalled US-Iran negotiations and the ongoing Saudi-Houthi
\n conflict. To sum up, the bearish pressures continue to mount as the stock
\n market seems to be hanging by a thread.<\/p>\n

This week, the
\n most important event will likely be the release of the US Flash PMIs on Friday,
\n barring a surprising breakthrough in US-Iran negotiations of course. <\/p>\n

If the data
\n disappoints, growth concerns will likely increase, and we could see another
\n selloff in the Nasdaq. Better than expected data, on the other hand, might lead
\n to a relief rally in the short-term but it wouldn\u2019t change the bigger picture
\n as it would just reinforce the need for rate hikes. <\/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<\/a> (US100 CFD contract) broke below the major trendline and extended the drop
\n into new lows as more sellers piled in to target the 28,742 level. If the price
\n gets there, we can expect the buyers to step in, with a defined risk below the level,
\n to position for a rally into new record highs. The sellers, on the other hand,
\n will look for a break lower to increase the bearish bets into the 26,971 level
\n next.<\/p>\n<\/p>\n

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

On
\n the 4 hour chart, <\/a>if we get a
\n pullback to retest the broken trendline again, we can expect the sellers to
\n step in around the 30,000 resistance zone, with a defined risk above it, to
\n keep pushing into new lows. The buyers, on the other hand, will want to see the
\n price breaking higher to start positioning for a rally into new all-time highs.
\n <\/a><\/p>\n<\/p>\n

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

\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 continue to lean on the trendline, with a defined risk
\n above it, to keep targeting new lows. The buyers, on the other hand, will look
\n for a break higher to position for a pullback into the 30,000 resistance. The
\n red lines define average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

On
\n Thursday<\/a> we get the latest US Jobless Claims figures, while on Friday we
\n conclude the week with the US Flash PMIs. <\/p>\n

\u00a0<\/p>\n

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

The Nasdaq sold off sharply last week as the negative sentiment from higher than expected US inflation data was compounded by growing concerns about the economic outlook. Credit spreads continue to widen,…<\/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-440469","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440469","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=440469"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440469\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}