NASDAQ / Price at Critical Levels Amid Rate Decision Speculation
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Technical Analysis
The price completed its correction to 21,900 and then pushed back up to the all-time high (ATH). Now, a drop toward 21,900 is possible, with a break below this level signaling a bearish zone. This movement will depend on Jerome Powell's speech and whether there is an indication of a rate decrease in the next meeting. A rate decrease would likely have a bullish impact on the indices.
Conversely, if the price stabilizes above 22,120 with a confirmed 1-hour candle close, it would support a bullish trend toward 22,290 and 22,410.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.