NDXUSD
The NASDAQ100 index is showing limited pricing ahead of the US CPI data. The limitation of the rise in 10-year bond yields reduces risk, while strong financial results from companies like Spotify contribute positively to the index. However, the ongoing uncertainties regarding Trump's foreign trade policies and the Fed's interest rate cuts lead to a cautious approach in the markets. These uncertainties in overseas markets cause the NASDAQ100 to stall after reaching record levels.
When the NASDAQ100 index is examined on a daily timeframe in the chart, the 21100 - 21200 area stands out as an important decision point. Staying above this level is of critical importance for a positive outlook. In upward movements, resistance levels of 21300 and 21400 can be monitored. The RSI indicator is at the 50 level, showing a neutral trend. The fact that a daily decrease of 0.25% has been recorded indicates that the index is still seeking direction. If the 21100 level is breached, it seems likely that the 21000 and 20900 support levels will be tested.
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