NDXUSD

Pressure continues on mega-cap technology stocks such as Nvidia and Tesla. Additionally, Airbnb lost over 13% after its earnings results fell short of expectations. Super Micro Computer fell over 20% due to margins falling short of expectations. While this picture creates pressure, on the other hand, the decline in the US 10-year treasury bond yield supported the limitation of declines in the NDXUSD index. When we evaluate it technically, as long as it limits the downward demand in the 17740 - 17655 region, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 17920 and 18050 levels. In the alternative view, permanent pricing may be needed below the 17740 - 17655 region for the downward trend to become dominant. In this case, movements towards the 17580 and 17460 levels can be monitored. Support: 17740 – 17655 Resistance: 17920 – 18050