NDXUSD

image

NDXUSD

Last week, the PMI, growth, durable goods orders, weekly unemployment claims data announced until the PCE data strengthened the expectations that the Fed could make a soft landing this year without putting the economy into recession. This week, the Fed interest rate decision and the statements of Fed Chair Powell after the decision stand out due to their noticeable effects on the stock markets. Microsoft, Apple, Amazon, Meta, Alphabet balance sheets are also among the important balance sheets expected for the Nasdaq index. We are monitoring the 17500 - 17600 region in the short term for the Nasdaq index. As long as the index is below the relevant range, negative expectations are at the forefront. In the continuation of the pullbacks, the 17400 - 17300 levels can be monitored as support. For positive expectations, the 17600 resistance can be broken upwards. Exceeding the 17700 level can be expected to confirm the positive expectation. In the continuation of the rise, the levels 17800 - 17900 can be followed as resistance. Support: 17400 - 17300 Resistance: 17500 - 17600