NDXUSD

The Nasdaq index has risen for five consecutive weeks this past week, making its longest-running rise since February. The US stock market will be closed today due to the US Memorial Day. Throughout the week, the US growth data, primarily the PCE data that the Fed follows as an inflation indicator, is among the most effective economic calendar data to follow for index movements. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18700 -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 18900 resistance for positive expectations. In increases, the 19000 - 19100 levels can be followed as resistance. In decreases, if it falls below 18700, a pullback to 18600 may be seen. Support: 18700 - 18600 Resistance: 18900 - 19000