Nasdaq and S&P 500 Sink to Oversold While Silver Rebounds
The Nasdaq and S&P 500 outlook hinges on oversold signals after AI data center fears reversed early post-election gains while silver rebounds.
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The Nasdaq and S&P 500 outlook hinges on oversold signals after AI data center fears reversed early post-election gains while silver rebounds.
Razan Hilal, StoneX Media Market Analyst, breaks down the support zones on the Nasdaq, S&P 500 and silver charts after the selloff that followed the Democratic win. The Nasdaq is attempting to hold a rebound off a key technical confluence zone, with daily RSI recovering from oversold conditions last seen in March 2026.
Concerns over a slower AI data center buildout turned initial buying into selling pressure across tech-heavy indices. Silver's connection with the tech and AI industry means its rebound may feed into a broader recovery in risk sentiment. The S&P 500's daily RSI is also rebounding from oversold extremes last seen during the March 2026 selloff tied to the U.S.-Iran war.
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