NDXUSD

The pivot point for Nasdaq appears to be 21420.84, with resistances at 21564.28, 21650.09, and 21764.71, and supports at 21335.03, 21191.59, and 21076.96. Nasdaq, which is heavily weighted in technology stocks, continues to maintain its sensitivity to the Fed's interest rate policies. While the emphasis on inflation in the FOMC minutes and the cautious stance do not exert pressure on the index, the possibilities of interest rate cuts are still being priced in. A movement below the 21420.84 pivot could bring the supports of 21335.03 and 21191.59 into play; in potential upward movements, 21564.28 will be the first resistance. An upward trend is anticipated to continue.