NASDAQ UT100 Analysis – September-5-2024

Growth concerns have increased recently due to weak data from the US. This situation is putting pressure on stock markets. We have also seen sharp declines in the Nasdaq index  his week.
Intense data flow from the US will continue today and tomorrow. We expect increased volatility in the markets according to the signals the data will give.
From a technical perspective, there is support at 18,800. As long as this area is maintained, we can expect recovery.

If the 19,130 resistance is passed above, purchases will strengthen.
If the pressure continues and the 18,800 support is broken, we expect the pressure to increase.