NASDAQ

Following the release of numerous financial reports from various institutions, the upward trend continues in the Nasdaq Stock Index (NDXUSD), despite expectations for profit-taking or corrections. This can be attributed to many earnings reports surpassing expectations and the absence of data that could adversely affect the Federal Reserve's interest rate reduction process. It is anticipated that the index’s rise could persist within its channel range, with 21,420 as the pivot point, 21,229 as the support level, and 21,625 as the resistance level. As volatility is expected to increase on December 18th, it is deemed prudent to reduce risk until the Federal Reserve's interest rate decision is announced on that date.