NDXUSD

The Nasdaq, which is predominantly composed of technology stocks, will be negatively affected by the decrease in global risk appetite. The 21768.06 pivot level is of critical importance. A movement below this level could pull the index towards the support levels of 21661.43 and subsequently 21377.91. Messages from Fed Chairman Powell regarding interest rates that directly affect the costs of technology companies will be decisive for the direction of the index. The first resistance in attempts to rise is 22051.58.