NDXUSD

The day before, Nasdaq rose by more than 1% due to the recovery in chip stocks, reaching its highest level in almost a week. Apple, AMAZON, Google stocks gained more than 2% and were among the companies that supported the index the most. The fourth quarter earnings season will start on Friday with the balance sheets of banks such as Bank of America, JP Morgan, and Citi Group. Before that, the general course of the US stock exchanges can be followed for index movements. As long as the Nasdaq index moves above the 16430 - 16555 region in the short term, positive expectations are at the forefront. In the continuation of recoveries, the 16900 - 17000 levels can be followed as resistance. In possible declines, the index moving below the 200-period average support of 16430 may bring negative expectations to the forefront. Support: 16555 - 16430 Resistance: 16750 - 16900