BIST 100 Weekly Performance: Key Technical Pivots

The BIST 100 index closed the week at 14,321.19, up by 1.53%, marking a performance below its 52-week high. Sector-wise, technology and consumer stocks led gains. Fibonacci retracements highlight 14,200 as a critical support level. The Ichimoku Cloud's convergence of the leading and lagging spans suggests cautious market expectations in the medium term. Moving averages (50 and 200-day) crossover reinforces long-term bullish sentiment, while macro factors like Turkey's FX reserves and Fed policy remain pivotal in determining the index's direction. Traders should approach new positions with caution at these levels.