NDXUSD

Following the data showing that inflation in the US continues to cool, the desire to switch to riskier assets has accelerated the exit from technology companies that have recently gained market weight, creating pressure on the indexes. According to CME data, the probability of the Fed cutting interest rates in September has exceeded 90%. Technically speaking, as long as the 21 (20090) period exponential moving average currently supports the 20150 - 20045 region, the positive trend may continue. If the upward desire continues, there may be a movement area towards the 20320 and 20410 levels. In the alternative view, permanent pricing may be needed below the 20150 - 20045 region for the downward trend to become dominant. In this case, movements towards the 19940 and 19860 levels can be monitored. Support: 20150 - 20045 Resistance: 20320 - 20410