Nasdaq Inc

NDAQ remains in a high-confidence Stage 2 advancing regime backed by a Momentum Breakout pattern. Long- and medium-term biases are bullish, but price is extended above rising EMAs with overbought RSI and Options Score and a bearish-exhaustion candle at recent highs. Execution should be deferred—await a shallow pullback into the 9/21 EMA support zone before initiating any new positions.

• ↑Q1 net revenue rose 13% YoY to $1.4B.
• ↑Record IPO proceeds of $129.3B led by SpaceX’s $85.7B listing.
• ↓Weak earnings yield indicates high valuation risk.