USNAS100 (Bullish with Decreasing FED rate)

USNAS100 (Bullish with Decreasing FED rate)

The dip was attributed to a stronger dollar and investors processing statements from Federal Reserve officials.

NY Fed President Williams emphasized that rate cuts weren't currently under discussion, dampening early speculation about a March rate cut.

On Wednesday, the Fed's shifted to a dovish stance and projection of lower interest rates in 2024, with three anticipated rate reductions, followed by a faster-than-expected drop in inflation.

Despite robust US retail sales and decreased weekly jobless claims, rate cut expectations remained largely unchanged.

The European Central Bank and the Bank of England maintained policy rates at elevated levels to address inflation concerns

technically:
The bullish trend is currently powerful on the NASDAQ100 INDEX. As long as the price remains above the support at 16500
The first bullish objective is located at 17100, The bullish momentum would be boosted by a break in this resistance.
Buyers would then use the next resistance located at 18400 as an objective.
Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. Remember that trading against the trend may be riskier if this is the case.

last weekly idea:

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