NDXUSD

The higher-than-expected increase in US producer inflation data and the rise in 10-year bond yields increased the pressure on the NASDAQ100 Index. Adobe's 13.7% loss following its earnings report also deepened the negative impact on technology stocks. The disappointment in Asian markets due to China not disclosing the anticipated economic stimulus details was reflected as selling pressure in the general markets. While US indices ended yesterday with losses, a 0.25% rise was observed in Nasdaq futures during the Asian session. The dollar index continued its upward trend during the Asian session, reaching the highest levels of recent weeks.

Technically, as long as the NASDAQ100 index maintains its position above the 21600 level on the 4-hour chart, it could sustain its positive trend. In the upward movements of the index, the 21800 and 21900 resistance levels are monitored, while a break of the 21800 level suggests the potential for continued buying. In case of a downward break, the 21700 and 21600 support levels can be followed. The RSI indicator is around 50, showing a neutral trend. The index's 0.47% decline from the previous day indicates that the overall mixed trends in the market are continuing.