Technical Analysis of the Nasdaq Index
After the U.S. Federal Reserve cut interest rates by 25 basis points, stock markets surged sharply, and this was evident in the Nasdaq Index throughout the day. Prices remain in an upward trend across most timeframes, and the market successfully absorbed liquidity resting below the 24075 level. After that, an FVG was formed, which is considered a key buying zone. Currently, prices are trading around the 24447 level, and further upside is expected during the day.
Key Economic News
There are no major economic releases scheduled today; therefore, prices are expected to move in a favorable manner for trading.
Liquidity Levels
Prices are expected to rise, targeting the 24600 level, followed by 24812, and then 25018.
The bullish scenario on the 4-hour timeframe will be invalidated if prices revisit the 24127 level.
