NDXUSD
The NASDAQ100 index remains under pressure due to the rise in U.S. 10-year treasury bond yields. However, Tesla's financial results, which exceeded expectations, have partially eased this pressure on the index. Unemployment claims and preliminary services and manufacturing PMI data in the U.S. could be decisive for the direction of the index. The ongoing vote counting and projections in the U.S. create a significant impact on the markets. The rise in the U.S. dollar index and the increase in bond yields have heightened market volatility. The growth-oriented policies of the Trump administration are perceived positively for companies but also bring inflation concerns.
Technically, NASDAQ100 is trading in the support range of 20500 - 20350. In upward movements, resistance levels of 20680 and 20800 can be monitored. Sustaining above the 20500 level could create a positive momentum. The RSI indicator is at the 60 level, displaying a positive outlook. The index, which increased by 1.09% compared to the previous day, needs to surpass resistance levels to maintain its positive trend. If it falls below the 20250 level, the 20150 support level may come into focus.
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