The 纳斯达克本周低点停滞在14，784点, just above the 200-周均线, which currently sits at 14,616.37. Notably, this isn’t the first time that level has attracted support — in 2023, a similar dip found buyers just ahead of the same long-term average. The key difference then was the added support from the 50-和100周MA, which aren’t in play this time around.

This week's bounce has been constructive, with the price rebounding strongly and 重回100周平均水平上方, now at 16,299.86. That level becomes an important 支撑件枢转轴 — 持有上方保持复苏偏见不变.

However, one technical objective that was not achieved was a 持续升至38.2%回撤位上方 of the decline, which comes in at 16,854.68. That level — much like the 100-week MA — will be 未来的关键. Bulls need to break and hold above it to strengthen the case for a broader upside recovery.

底线

The market avoided a deeper breakdown this week, and 买家将其存放在需要的地方. Reclaiming the 100-week MA is a positive signal. The gain of 6.87% currently is the best since a gain of 8.10% during the week of November 7. But to flip the script decisively, the price needs to 清理并持有16，854.68上方. Until then, 看涨者有立足之地, but 抓得不牢.