NDXUSD

image

NDXUSD

The day before yesterday, both manufacturing and service PMI data in the US increased above expectations and entered the expansion zone. The rally in stock markets continued with strong balance sheets. Tesla balance sheet announced after the US markets closed decreased by 6% due to the decrease in gross profit margin and created pressure on the Nasdaq index. Today, US growth data and ECB interest rate decision can be followed in terms of its impact on index movements. Positive expectations are at the forefront as long as the Nasdaq index is above the 17400 - 17500 region in the short term. In the continuation of the rise, 17600 - 17700 levels can be followed as resistance. In possible corrections, negative expectations may come to the fore with the index breaking the 17400 support downwards. In this case, declines towards 17300 - 17200 levels can be followed again. Support: 17300 - 17200 Resistance: 17600 - 17700