NDXUSD

The increase in US labor costs and the decrease in consumer confidence that exceeded expectations the other day caused the Nasdaq index to lose 2% of its value. Amazon, which announced its balance sheet after the US session closed, increased by over 5% with strong sales in its cloud computing business, while ADP private sector employment, JOLTS job postings and ISM Manufacturing PMI data can be followed for index movements before the Fed interest rate decision today. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 17400-17500 region. As long as the index is below the region, negative expectations are at the forefront. In declines, 17300-17200 levels can be followed as support. For positive expectations, the index can be expected to close above 17500. Under this condition, recoveries towards 17600-17700 levels can be followed. Support: 17300 – 17200 Resistance: 17500 – 17600