Nasdaq Composite extends recovery from 22,440 support amid Buffett Alphabet bet

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17.11.2025

Nasdaq Composite extends recovery from 22,440 support amid Buffett Alphabet bet — Nasdaq rebounded from 22,440 low

The Nasdaq Composite Index opened the new week on a bullish tone, following through on the late rebound that emerged last Friday after a week dominated by heavy selling pressure. In Monday’s premarket session, Nasdaq futures advanced nearly 1% or 250 points, reflecting a swift shift in sentiment driven by renewed optimism across major technology stocks.

- Nasdaq rebounded from 22,440 low after Berkshire’s Alphabet stake renewed tech optimism.

- Fed officials’ comments today could confirm or cap Nasdaq’s recovery above 22,600 support.

- RSI indicators show balanced momentum as the index tests key short-term EMA levels.

The renewed strength comes on the heels of Berkshire Hathaway’s disclosed stake in Alphabet, which has revived investor appetite for AI-linked tech stocks. The move by Warren Buffett’s conglomerate is seen as a strong institutional vote of confidence in long-term growth prospects within the technology sector, helping offset the previous week’s negative tone caused by valuation concerns and uncertainty over interest rate cuts.

Nasdaq price dynamic (Aug - Nov 2025). Source: Tradingview

As seen on the hourly chart, the Nasdaq Composite Index has been forming a clear pattern of lower highs and lower lows since the start of November, confirming a short-term bearish trend. Last week’s selloff sent the index to a four-week low near 22,440 before finding support at a rising trendline that has underpinned the broader uptrend since September. The rebound from that level late last week provided the foundation for today’s early gains, though investors are still weighing the likelihood of further upside ahead of key central bank remarks.

Fed officials’ remarks to determine whether Nasdaq extends rebound or stalls

Later today, at least four Federal Reserve officials, including Christopher Waller and John Williams, are scheduled to speak. Their comments could influence the market’s expectations regarding the timing of rate adjustments. Investors have been divided on whether the Fed will ease policy soon or maintain a restrictive stance. A hint of dovishness could reinforce the current rebound and push the Nasdaq toward the 23,000–23,200 area, while any hawkish tone could drag the index back toward the rising trendline support near 22,600.

On technical grounds, both the 4-hour and daily RSI indicators are in neutral territory, suggesting balanced momentum between buyers and sellers. If the index sustains momentum above the short-term EMAs, it could confirm a short-term shift in bias back toward bullish continuation. However, failure to hold above the 22,600 support would expose the market to renewed selling pressure that might re-test the 22,400 low from last week. For now, sentiment hinges on Fed communication and whether institutional optimism can outweigh macroeconomic restraint.

We discussed how the Nasdaq dropped 500 points after Fed officials downplayed prospects of rate cuts. The break below 23,280 support confirmed a fresh bearish leg from the 24,000 record high.

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