NDXUSD

Falling interest rate expectations, which are the most important fundamental support for technology and growth stocks, positively differentiated the Nasdaq index throughout the week. Weak inflation data from the U.S. supported buyers in the index, while technically, prices are seen consolidating around the rising trend line indicated in orange and the pivot level of 21856.01. After the market gathers strength at these levels, breaking the resistance at 22016.53 will be watched for the continuation of the upward movement.