NDXUSD

The NASDAQ100 index continues to search for direction as the PCE and core PCE price indices rise in line with expectations on an annual basis. The index limits its gains with the decline in the 10-year treasury bond yield, while 1% declines in major technology companies such as Nvidia, Meta, and Microsoft increase pressure on the index. Mixed trends in Asian markets and the U.S.'s consideration of new sanctions on China are also among the significant factors affecting NASDAQ100's movements.

Technically, the NASDAQ100 index is fluctuating in the 20785 – 20900 range, which serves as a crucial decision phase. For the index to show an upward trend, it needs to maintain permanence above the 20900 level. In this case, movements towards the 21000 and 21100 resistance levels may be observed. On the other hand, if the index makes a 4-hour close below the 20785 level, testing the support levels of 20680 and 20500 may come into question. The RSI indicator is at the 50 level, presenting a neutral outlook, indicating that the index's search for direction continues.