Nasdaq Momentum

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Nasdaq MomentumUS Tech 100 IndexPEPPERSTONE:NAS100ebecihalilFollowing the Federal Reserve’s rate cut decision, the ''RSI'' on the 4-hour chart is near the oversold zone. Price action has respected the key support area, as evidenced by multiple long lower wicks, indicating strong buying interest at these levels. Additionally, the ''Institution Radar'' indicator suggests that volume is well synchronized with price movement, implying transparent market participation and confirming the bullish momentum. Overall, these factors collectively support the likelihood of a near-term upward price continuation.