AS THE Nasdaq 100 entered the second quarter of 2026, it staged a sharp rebound from its March lows, reversing part of the earlier weakness triggered by heightened geopolitical tensions linked to US-Iran developments. The recovery has been largely driven by improving sentiment as markets responded positively to ceasefire talks and easing tensions, prompting a relief rally after the prior sell-off.

From a technical perspective, the rebound has resulted in a break above the downward channel that had guided price action from January to early April 2026. The move marks an important shift in short-term structure, with the index now trading at levels last seen in February 2026. Notably, the magnitude of the current rebound from March to April closely mirrors the earlier recovery observed between November 2025 and January 2026, suggesting a repeat of strong counter-trend buying following sharp corrections.

https://www.businesstimes.com.sg/companies-markets/nasdaq-expected-consolidate-near-term