$NOT Support levels are forming at 0.0068 and 0.0055, while resistance levels are at 0.0080 and 0.0092.
For short term traders, if NOT breaks below 0.0068, we will consider going short. On the other hand, if it holds above this level, we will look to buy.
Our next target for a potential buy order would be 0.0080, followed by 0.0092. A breakout above 0.0092 could lead to further gains.

🟡 50 basis point interest rate cut: The Fed has decided to lower interest rates to 4.75%-5.00% to support the economy and address potential risks due to slowing growth.

🟡 Internal debate: Some FOMC members, including Governor Bowman, argued that a rate cut should be more cautious, favoring a 25 basis point cut instead of 50.

🟡 Forecast for 2024: Interest rates are expected to continue to fall, with the new target being 4.4% instead of 5.1% as before. This suggests that the Fed will likely make smaller cuts in the coming time.