NDXUSD

The NASDAQ100 index continues to remain under pressure from rising 10-year treasury bond yields. Although Tesla's financial results, which exceeded expectations, have somewhat alleviated the pressure on the index, investors are closely monitoring the unemployment claims and preliminary services and manufacturing PMI data to be announced today. Approaching elections in the U.S. and expectations regarding the Fed's monetary policy are also among the factors determining market direction. Despite a mixed outlook in Asian markets, U.S. index futures are following a cautious path.

Technically, the NASDAQ100 index is trading in the 20250 – 20500 range. On the 4-hour chart, the index remaining consistently above the 20500 level could be significant for the continuation of upward movements. In this case, resistance levels at 20680 and 20750 may be targeted. In a downward move, the 20250 level is monitored as a critical support. If the index falls below this level, support levels at 20150 and 20000 could come into play. The RSI indicator is at 54 and displaying a positive trend, indicating that upward movements may be further supported. The index has gained 0.02% compared to the previous day.