NASDAQ 3/10/2022

When we mention tightening monetary policy by the Federal Reserve, we talk about the strength of the US dollar and a decline in US indices, and this is because of the inverse relationship that brings them together.
The Federal Reserve is still very far from its goal of containing inflation, and raising the interest rate is still a possibility, which indicates the strength of the US dollar and the decline in indicators at least until the end of 2022.
The NASDAQ is trading in a general bearish direction and has declined this year by more than 35%. Traders should wait for the NASDAQ to rise to touch the levels of 11193 and 11237.4, which represent selling opportunities again for this indicator. The next target is at the level of 10884.6, but to maintain the negative scenario, we must not Recording a high above the level of 11292.9