NDXUSD

The above-expected increase in the US ISM services PMI data announced the other day has reduced the Fed's interest rate cut expectations for March to below twenty percent, while selling pressure is increasing in the US stock markets. The statement of the FOMC members this week can be followed for the course of the stock markets. We are following the 17500 - 17600 region in the short term for the Nasdaq index. As long as the index moves above the relevant range, positive expectations are at the forefront. In the continuation of the rise, the 17700 - 17800 levels can be followed as resistance. In the event that the pressure under the 17800 resistance, which has been working as an effective resistance recently, continues, the 17600 - 17500 levels can be followed as current support levels. In possible declines, negative expectations may come to the fore in closings below the 17500 support. In the continuation of the decline, the 17400 - 17300 levels can be followed as support. Support: 17600 - 17500 Resistance: 17700 - 17800