NDXUSD

The retail sales and unemployment benefit application data released the other day supported the Fed's soft landing scenario, while the Nasdaq tested its highest levels in the last two years. Intraday US Manufacturing - Services PMI data can be followed due to its impact on the index. Positive expectations for the Nasdaq index come to the fore as long as it moves above the 16555 - 16650 region in the short term. In increases, the 16900 - 17000 levels can be followed as resistance. Alternatively, in the downward corrections of the index from the peak levels, if it falls below the 16555 - 16650 range and closes below the range, the 16430 - 16300 levels can be followed as support. Support: 16650 - 16555 Resistance: 16900 - 17000