NDXUSD

While US stock markets retreated after the Fed's expected interest rate cut expectations were postponed, the increasing geopolitical risk environment accelerated the decline in US indexes. The Nasdaq index, which fell for the fifth consecutive session the day before, is trending negatively by over 1% in the Asian session today following news that Israel launched an attack on Iran. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17200-17300 region. As long as the index moves below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17100-17000 levels can be followed as support. For recoveries, the index can be expected to remain above the 17300 level. If the 17300 level works as support, recoveries can be observed upwards towards the 17400-17500 levels. Support: 17100 – 17000 Resistance: 17300 – 17400