Nasdaq Futures Decline Ahead of Powell's Testimony

Nasdaq Futures are down today following yesterday's slightly positive performance, as the markets await Powell's testimony. Additionally, a potential divergence in the RSI (Relative Strength Index) is becoming apparent. The index is currently considered overbought, with market participants closely monitoring the unfolding developments in the US economy and upcoming decisions on monetary policy. These elements will be crucial in determining whether the index undergoes a correction or continues its upward trend, especially as the appetite for risk remains high.