NDXUSD

image

NDXUSD

For NDXUSD, US stock markets completed the first trading day of the new week with a sell-off, while the Nasdaq index closed the day negative by 0.20%. The stock market will be closed due to Good Friday being the last trading day of the week. On the same day, the US PCE data, the most critical data of the week, will be released. The data, which is one of the inflation indicators that the Fed pays most attention to and is expected to increase on a monthly basis, will be the primary headline to be followed for index movements this week. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18200 - 18300 region. As long as the index is above the 18500 level, positive expectations are at the forefront. In increases, the 18400 - 18500 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18250 - 18130 levels can be followed as support. Support: 18250 – 18130 Resistance: 18400 – 18500