NDXUSD

Under the threat of the Biden government to impose harsher sanctions on companies selling technology to China, semiconductor and chip manufacturers in particular have been under pressure. As a result of this situation, NASDAQ100 has recorded significant pullbacks. In terms of index pricing, the Philadelphia Fed manufacturing index can be monitored during the day. When we evaluate it technically, as long as it limits the downward demand in the 19790 -19695 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 19920 and 20050 levels. In the alternative view, permanent pricing may be needed below the 19790 -19695 region for the downward trend to become dominant. In this case, movements towards the 19580 and 19460 levels can be monitored. Support: 19790 - 19695 Resistance: 19920 - 20050