US equities advanced despite concerns over Fed independenceUS Tech 100 IndexICMARKETS:USTECinkicho_exness Despite the uncertainty following President Trump’s dismissal of Fed Governor Cook, USTEC advanced slightly. President Trump dismissed Fed Governor Cook due to allegations of mortgage fraud, raising concerns over the Fed's independence. JPMorgan warned the move could set a precedent for politically driven dismissals of other board members. Meanwhile, the August CB Consumer Confidence Index rose to 97.4, indicating a more positive outlook on current conditions. However, 12-month inflation expectations rose from 5.7% to 6.2%, while the share of respondents viewing jobs as plentiful decreased from 29.9% to 29.7%. USTEC has risen above both EMAs, signaling an attempt at a trend reversal. The narrowing distance between EMA21 and EMA78 suggests a potential shift toward bullish momentum. If USTEC holds above both EMAs, the index may gain upward momentum toward the resistance at 23700. Conversely, if USTEC falls back below both EMAs, the index could retreat toward the support at 23300.