NDXUSD

The NASDAQ100 index gained momentum with the US services PMI rising more than expected. Despite the decline in the manufacturing PMI, the increase in the services sector caused upward movements in the index. The fact that technology giants Apple and Alphabet reached all-time highs had a positive impact on the index. With the strong performances of stocks like Tesla and Broadcom, NASDAQ100 continued its upward trend. Throughout the day, US retail sales data will be closely watched by investors.

From a technical perspective, the NASDAQ100 index finds support in the 22000 – 22100 range on the 4-hour chart. As long as it remains above this level, the positive trend may be maintained. In upward movements, resistance levels at 22500 and 22600 are being monitored, while the RSI indicator is at 70 and shows a positive trend. The index's increase of 0.013% compared to the previous day supports the upward momentum. However, if it falls below the 22000 – 22100 area, support levels at 22400 and 22300 may come into play.