#MarketRebound
US Stock Benchmarks find space to rebound after a long consolidation period
The Tech Sector is leading Markets higher while traditionals struggle
Exploring Technical Levels for the Dow Jones, Nasdaq and S&P 500
US markets have run up higher after what seemed to be an eternal consolidation, led higher by Tech.
The sector, which had been hurting since October, hadn't led US Markets since then, bringing a fresh picture to traders.
The rebound is driven by participants considering the latest tariff developments, which provide a positive backdrop, particularly for heavy importers from Asia – the +30% duties going back down to 15% is changing the outlook for firms positively impacted.
With Nvidia earnings coming after the close, investors are anticipating strong numbers, which is also boosting overall sentiment.
With a positive session like this morning's, risk sentiment is turning for the better, and this is also assisting Cryptocurrencies, which have struggled throughout in recent months.
It really is a decent risk-on session!
The overall outlook is still rangebound for now around all Markets, but such sessions will help to form a base for better days ahead for participants.
