NASDAQ

On the day of the Federal Reserve's interest rate decision, the NDXUSD - Nasdaq Stock Index initially experienced a sharp downward price movement, followed by a resurgence of buying activity. From a technical standpoint, the outlook for the index is positive. After the formation of a bear trap, the index is back in an upward trend, with the 21,325 level serving as the primary support within this upward trend band. On the upside, resistance is located at 21,626, 21,715, and 21,965. Given that fundamental data supports the upward movement, considering selling positions without the index pricing below the 21,325 support is viewed as risky.