NDXUSD

Despite Nvidia's results surpassing market expectations, the NASDAQ100 index continues to be under pressure due to the stagnant outlook in the markets. Data regarding US unemployment benefit claims will be closely monitored today. Additionally, increasing geopolitical risks, particularly the tension between Ukraine and Russia, are heightening uncertainties for the markets. US 10-year bond yields remain at the level of 4.40%. The decline observed in global markets, especially in Asian stock exchanges, is also putting pressure on the NASDAQ100.

From a technical perspective, the NASDAQ100 index is trading within the 20680 – 20785 support zone. The decision phase scenario within this zone remains valid. Persistent movements above the 20785 level may allow for the strengthening of upward momentum, and resistance levels at 20900 and 21000 could be tested. In the case of downward movements, if it remains persistently below the 20680 level, the 20500 and 20375 support levels may be targeted. The RSI indicator is displaying a neutral outlook, and it is observed that the index shows a negative change of 0.27%.