Will Nasdaq break through the range? | trade of the week | 28.01.2026
2026-01-29
Nasdaq could push higher if risk appetite and liquidity narratives persist.
Nasdaq is testing the upper boundary of a consolidation range near the top of the Bollinger Bands on the daily chart, signalling a potential momentum breakout. After a period of underperformance driven by valuation concerns and geopolitical rhetoric, sentiment toward tech stocks has started to stabilise. Market breadth is improving and fear levels remain neutral, which typically supports further upside. A sustained move above the 26,000 area could open the way toward the 26,300 region — a previous all-time high and a natural extension target.
This week’s FED meeting may act as a catalyst. If Jerome Powell’s rhetoric pressures real interest rates lower and supports liquidity expectations, US equities — including