USTEC
Last week, US stock markets corrected the rally they started with the expectations that the Fed would make the expected interest rate cut move in the last quarter of 2023 earlier and more aggressively than indicated, in the first week of the year. While the Nasdaq index lost 3%, the inflation data to be announced this week will be followed for the direction search in the stock markets. As long as the Nasdaq index moves below the 16355 - 16450 region in the short term, negative expectations come to the fore. In the continuation of the pullbacks, the 16230 - 16100 levels can be followed as support. If the recoveries continue in the Nasdaq index, which received support from the 16100 level in the recent declines, the movement above the 16450 level can be expected for positive expectations. In the rises, the levels 16540 - 16700 can be followed as resistance. Support: 16230 - 16100 Resistance: 16450 - 16540