NDXUSD

While US stock markets are rising again due to the warming expectations of Fed interest rate cuts, Nasdaq managed to complete the day with a 0.65% increase before the expected Nvidia balance sheet. While the US leading PMI data will be the economic calendar data to be followed for index movements throughout the week, Nvidia balance sheet, which the market believes will determine the future direction of the index expected in the middle of the week, is among the important developments of the week. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18600 -18700 region for the index. As long as the index is above the region, positive expectations are at the forefront. In increases, 18800 - 18900 levels can be followed as resistance. In possible decreases, negative expectations may come to the fore with the downward break of the 18600 level. In this case, 18400 – 18300 levels can be followed as support. Support: 18500 – 18400 Resistance: 18700 – 18800