Since Monday, the leading index of US technology companies NQ 100 has been recovering positions lost over the last two weeks: the price gained about 2.8% and is actively testing the middle line of Bollinger Bands around 29800.0, supported by geopolitical and macroeconomic factors.

On the four-hour chart, there is a key resistance level of 30676.2. The Bear Engulfing candlestick analysis pattern has appeared, which signals increasing selling pressure and warns of a correction or trend reversal, as well as the Evening Star, which highlights negative market sentiment, as well as the Three Black Crows formation in the area of 30221.1–29208.2.