NDXUSD

The Nasdaq is at risk of a correction due to the Fed's aggressive stance and the high valuations of technology stocks, below the pivot level of 19673.81. In particular, profit-taking in mega-cap stocks like Nvidia and Microsoft complicates reaching the level of 19946.13 (Resistance 1). If pricing continues above the pivot level, evaluating short positions is considered risky. It is deemed appropriate to trade close to the levels against the possibility of a sale.