NDXUSD

While the NASDAQ100 index remains under pressure due to the rising yields of the US 10-year bonds, Tesla’s better-than-expected financial results have somewhat alleviated this pressure. The jobless claims to be announced today, along with preliminary service and manufacturing PMI data, could influence the direction of the index. Global uncertainties, particularly the US election uncertainty, ambiguities in the Chinese economy, and developments in the Middle East, are prompting a cautious approach in the markets.

From a technical analysis perspective, the NASDAQ100 index is trading within the 20250 - 20500 support and resistance range. A sustained pricing above 20500 could strengthen positive expectations. In upward movements, the resistance levels of 20650 and 20750 can be monitored. For a negative scenario, it will be important if it falls below the 20250 support, which could bring the 20150 and 20000 levels into focus. The RSI indicator is at 56 and shows a positive trend, indicating a possibility for recovery. However, fluctuations and uncertainties in the markets should be taken into account.