NDXUSD

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NDXUSD

We followed the members' concerns about the interest rate cut in the FOMC meeting minutes published yesterday. While the Nasdaq index was negative by nearly 1% after the minutes on the day when the sales were widespread, the announced balance sheet of Nvidia stocks, whose balance sheet we were expecting after the session on the same day, came in stronger than expected and regained their losses in the post-closing transactions. The US leading PMI data will be followed in the economic calendar for the Nasdaq index today. When we technically examine the short-term pricing behavior of the Nasdaq index futures contract, the index, which found support at the 200-period exponential moving average level of 17400 in the recent declines, can be expected to remain above the 17800 resistance for positive expectations. In increases, recoveries can be observed towards the levels of 17900 - 18000. In possible declines, negative expectations can come to the fore with the index falling below 17700. In declines, declines can be observed towards the level of 17400. Support: 17700 - 17600 Resistance: 17800 - 17900