Analysis of the trend of the US Nasdaq Index

US stocks closed higher on Monday. The market temporarily freed itself from the impact of the Arab-Israeli conflict and rising oil prices, and refocused on inflation and the Federal Reserve's policy issues. The impact of the Israeli-Palestinian conflict is insufficient to change the driving force of financial markets. A Federal Reserve official said the need to raise interest rates may have decreased. Seeing this news early in the morning is very reassuring. It means there is a high probability that the stock market will gradually stabilize in a short period of time. Judging from technical trend analysis, the daily level of the US stock NASDAQ index continues to rebound and stabilizes above the MA20 EMA support level. There is a high probability that it will rise further in the short term. The upper side is focusing on the MA50 pressure level around 13650. If this position can be effectively broken through, then the US stock NASDAQ index is expected to rise further.