AI optimism continues to fuel risk-on sentiment, with U.S. equities rallying after news of a potential $500B valuation for OpenAI. The Nasdaq 100 extended gains, supported by momentum indicators and a flatter U.S. yield curve. Price action suggests a medium-term bullish breakout, with key support at 22,945 and targets at 23,820 and 24,220. A break below 22,945 support may signal a deeper correction toward 22,670.
07-08-2025 10:48 GMT
by Kelvin Wong