NDXUSD

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NDXUSD

The US inflation data announced for NDXUSD the day before, although slightly above expectations, showed that the disinflation process continues in the US. After the data, the Nasdaq index regained its losses since the beginning of the week, while semiconductor sector stocks rallied with the effect of company balance sheets showing that demand for the artificial intelligence sector has not cooled. Nvidia became the technology company that contributed the most to the index by gaining nearly 8% premium. When we technically examine the short-term pricing of the Nasdaq index futures contract, positive expectations are at the forefront as long as it moves above the 18200 - 18300 region. In increases, 18600 - 18700 levels can be targeted with the surpassing of the 18500 resistance. Alternatively, if the index cannot break the 18500 resistance, negative expectations will be at the forefront in possible decreases and pricing behavior below 18200. In the continuation of the decrease, pullbacks towards the 18100 level can be observed. Support: 18100 - 18000 Resistance: 18300 - 18400