Published: 18 November 2025,05:59
Daily Market Analysis New
Key Takeaways:
*Dow Jones, S&P 500 and Nasdaq fall below a key technical level for the first time since April.
*Nvidia shares drag on tech-heavy indices ahead of its earnings report.
*Investor sentiment clouded by Fed uncertainty and delayed US economic data.
Market Summary:
US equities ended sharply lower on Monday, with the Dow Jones closing beneath a critical technical threshold for the first time since April. Investors remained cautious ahead of key earnings releases from retailers and Nvidia, the world’s largest company by market value and a focal point of Wall Street’s artificial intelligence trade. Nvidia shares fell on Monday, becoming one of the largest drags on both the Nasdaq and S&P 500.
Market participants are also awaiting a long-delayed US jobs report this week, adding further uncertainty. Complicated guidance from the Federal Reserve has weighed on risk sentiment, as policymakers remain divided over future monetary policy decisions. Some Fed officials now anticipate that recent developments, including the resolution of the US government shutdown, may stabilize the labor market and inflation, potentially reducing the urgency for rate cuts.
This split in expectations has contributed to a cautious trading environment, with investors struggling to gauge the Fed’s next move amid a lack of fresh economic data. As a result, equities have experienced heightened volatility, reflecting both earnings anticipation and broader uncertainty over US monetary policy.
Technical Analysis
The Dow is trading lower after retreating from the 48,000 record-high resistance, now testing the upward trendline and critical support at 46,435. Technical momentum shows increasing bearish pressure, with the MACD signaling rising downside momentum and the RSI at 38 remaining below the midline.
A decisive break below 46,435 would likely open the path toward the next support, aligned with the Fibonacci retracement level near 44,340, indicating further downside potential.
Conversely, if the index holds above 46,435, it could rebound toward the recent resistance zone near 48,000, giving traders a potential short-term recovery opportunity. Monitoring price action around 46,435 will be crucial to gauge the near-term trend.
Resistance Levels: 48000.00, 49105.00
Support Levels: 46435.00, 44340.00
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