The market is showing strength with gold and silver recovering, and major indices like the S&P 500 and Nasdaq showing bullish momentum, trading within consolidation ranges. However, a potential breakdown below key support levels could signal a shift to a bearish trend, with a further downside target. Economic data releases this week include inflation numbers on Wednesday and employment data on Friday, which could influence market sentiment. While the market sentiment is generally optimistic, there are underlying uncertainties that traders should monitor closely. The Nasdaq index has shown strong support at lower levels, indicating resilience despite recent volatility. Investors are advised to be cautious and pay attention to upcoming economic indicators that may impact market direction.