NDXUSD

On the last trading day of the week we left behind, the Producer Price Index, the Fed's preferred inflation indicator, fell by 0.1% in December. The data, which created a positive perception for the decline in inflation, supported the markets' expectations that the Fed will cut interest rates for the first quarter of this year. This week, along with the balance sheet season, the data on the course of economic activity to be announced in the middle of the week in terms of the economic calendar are among the titles to be followed for the index. As long as the Nasdaq index moves above the 16740 - 16800 region in the short term, positive expectations are at the forefront. In the continuation of the increases, the 16900 - 17000 levels can be followed as resistance. In possible decreases, the index moving below the 20-period average support of 16740 may bring negative expectations to the forefront. Support: 16740 - 16630 Resistance: 16900 - 17000