NDXUSD

Last week, we followed the cautious statements made by the Fed members regarding the discount expectations. After the retail sales data announced well above expectations in the middle of the week, the Nasdaq index, which made a downward correction, rose under the leadership of Apple and Nvidia after the world's second most valuable chipmaker TSM announced an above-expected profit forecast for 2024. The Michigan consumer confidence announced on Friday supported this momentum and supported the Nasdaq index to close at a record level with a 1.7% increase. As long as the Nasdaq index is above the 17000 - 17100 region in the short term, positive expectations are at the forefront. In the continuation of the rise, the 17600 - 17700 levels can be followed as resistance. Support: 17100 - 17000 Resistance: 17600 - 17700