NDXUSD

The NASDAQ100 index has caught a positive momentum with expectations of Trump's possible return and tax cuts. Particularly, Tesla's 9% increase in value, alongside the rise in Bitcoin, has brought notable attention to Coinbase and MicroStrategy stocks, which rose by 19.8% and 25.7%, respectively. However, the declines observed in mega-cap technology companies such as Nvidia, Microsoft, and Apple indicate that the market is showing a mixed trend. The statements from FOMC members could be significant throughout the day and may lead to market fluctuations.

Technically, the NASDAQ100 index is trading above the 21000 - 21100 support zone, and as long as it remains above this level, the upward trend could be maintained. In upward movements, the 21300 and 21400 resistance levels can be monitored, and the 21300 level holds critical importance for the continuation of the positive trend. In downward movements, if the zone below 21000 - 21100 is breached, pullbacks to the 20900 and 20800 support levels might be observed. The RSI indicator currently presents a neutral outlook and has experienced a slight decline of 0.03% compared to the previous day.