NDXUSD

The fact that employment data in the US has cooled more than expected has fueled concerns about a recession, while the 10-year Treasury bond yield remained under pressure. On the other hand, Warren Buffet selling nearly half of his Berkshire Hathaway and Apple shares has also allowed the pressure in the technology sector to increase. The NDXUSD Index remained under pressure due to this situation. Following this situation, the ISM services PMI can be monitored during the day for the Index that recovered. When we evaluate it technically, as long as it limits the downward demand in the 17240 - 17155 area, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 17420 and 17550 levels. In the alternative view, permanent pricing may be needed below the 17240 - 17155 area for the downward trend to become dominant. In this case, movements towards the 17080 and 16960 levels can be monitored. Support: 17240 – 17155 Resistance: 17420 – 17550