NDXUSD

The Nasdaq index showed a positive trend the other day with the support of large-capital companies. With the semiconductor supplier TSMC exceeding expectations in December, Nvidia rose to record levels and supported the index. Again, the premium trend in index-heavy high-end companies such as Amazon and Meta supported the rise of the index before the inflation data to be announced today. The fourth quarter balance sheet season will start on Friday with the balance sheets of banks such as Bank of America, JP Morgan, and Citi Group. As long as the Nasdaq index moves above the 16650 - 16740 region in the short term, positive expectations are at the forefront. In the continuation of the recoveries, the 16900 - 17000 levels can be followed as resistance. In possible declines, the index moving below the 200-period average support of 16630 may bring negative expectations to the forefront. Support: 16630 - 16540 Resistance: 16900 - 17000