NDXUSD

The Nasdaq may be negatively affected by the Fed's decision in the coming days due to the interest sensitivity of technology stocks. The Nasdaq is holding above the pivot level of 23466.50. Critical support levels are at 23360.80, 23126.30, and 22947.10. If the 23360.80 support level is broken, sharp pullbacks may occur. Powell's cautious stance on interest rate cuts could create selling pressure on growth-oriented technology stocks. The expectation that high interest rates may persist for a longer period could have a negative impact on technology companies with high valuations.