NDXUSD

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NDXUSD

NVIDIA's antitrust investigation in China and declines in other technology firms continue to exert pressure on the NASDAQ100. While China's economic support measures create a generally positive atmosphere in Asian markets, U.S. markets maintain a cautious stance. Statements regarding China's upcoming accommodative monetary policy positively influence Asian indices, while U.S. 10-year Treasury yields and the dollar index are being closely monitored. NVIDIA's situation and profit-taking in Bitcoin are undermining confidence in technology stocks and adding pressure on the overall index.

Technically, the NASDAQ100 index is trading in the 21400-21500 support zone and is observed to be at a decision-making stage in this area. For the index to gain positive momentum, a sustained move above the 21500 level is necessary. In potential recoveries, the resistance levels of 21600 and 21700 could gain importance. Conversely, if the level falls below 21400, declines may extend to the support levels of 21300 and 21250. The RSI indicator is around 50, presenting a neutral market picture. A slight increase of 0.02% in the index compared to the previous day supports the cautious stance in the market.

Support :

21400 - 21300 - 21250

Resistance :

21500 - 21600 - 21700