NDXUSD

Since the beginning of the week, messages from central bank officials have weakened the market's expectations that the Fed will start cutting interest rates as early as March, while the rise in US bond yields has created selling pressure on risky assets. Following retail sales data that came in well above expectations yesterday, interest rate cut expectations for March were priced above 90% in December, but as of yesterday, they dropped below 60%. In addition to the statements of FOMC members during the day, US housing data can be followed for index pricing. As long as the Nasdaq index is below the 16700 - 16800 region in the short term, negative expectations are at the forefront. In the continuation of pullbacks, the 16640 - 16550 levels can be followed as support. In possible recoveries, positive expectations may come to the fore in the closings that the index will make above the 16800 resistance. In this case, increases towards the levels of 16900 - 17000 can be observed again. Support: 16640 - 16550 Resistance: 16900 - 17000