Face Value: Poised to go upMicro E-mini Nasdaq-100 Index FuturesCME_MINI:MNQ1!Sidgate1.Fundamentals of growth are good. 2.Q2 est. 3.8% growth 3.Q3 growth tracking @ 3.9% growth 4.Projections of $45/barrel oil in 2026 5.Many other favorable reasons On the other hand Jerome Powell and the Federal Reserve say that they focus on supply-demand balance: when demand outpaces supply prices go up, and we have inflation. Therefore, so they conclude, we must keep interest rates high so people can't afford anything. Common sense says if you lower interest rates the money necessary for production will be less expensive, the supply will increase and prices will go down, as will inflation. Their view of ''supply-demand balance'' sounds like nonsense. I think common sense wins every time. The chart appears to be building a new base from which to head upwards. I'd like to see it go lower, but my Breakout trades are in place and I'm ready for the Breakout if it happens here. If this does become a new base, barring a Black Swan event, we should see a new high soon.