NDXUSD

Following the PMI data announced the day before, the Nasdaq index ended the day with a 0.39% loss of value. The probability that the Fed will cut interest rates in September has decreased to 53% (CME). This rate was at 65% during the week. With the increasing question marks regarding the timing of the Fed's interest rate cut, the Nasdaq index, which finished the day in the negative region, could not be saved by the NVDIA Balance Sheet. As we always say, a product cannot increase forever, corrections will definitely come. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18600 -18700 region for the index. The pricing of the index outside the region will be monitored. It may be necessary to see movement above the 18800 resistance for positive expectations. In increases, the 18900 - 19000 levels can be followed as resistance. In decreases, a pullback to 18500 can be seen if it falls below 18600. Support: 18600 – 18500 Resistance: 18700 – 18800