NDXUSD

Last week, the US economy grew by 1.6%, below expectations of 2%2.5 growth. When the slowdown in the economy was accompanied by rigidity in inflation, the decline in expectations of a soft landing for the Fed created pressure on US stock markets. For the Nasdaq index, which is supported by the balance sheets of mega-capital index-heavy companies such as Microsoft, Alphabet, Tesla, announced during the week, the Fed interest rate decision next week, Chairman Powell's statements after the profit, and the non-farm payrolls data set are among the headlines to be followed for index movements. We are following the 17800-18000 region of the Nasdaq index. As long as the index is suppressed under the relevant region, it can be expected that the index will continue to decline. On the downside, the 17600-17500 levels can be followed as medium-term support levels. In recoveries that may be seen if the index receives support from the 17800-18000 region, the 18300-18700 levels can be followed as resistance. Support: 17600 – 17500 Resistance: 17900 – 18000