NDXUSD

The NASDAQ100 index is under pressure due to the rise in U.S. 10-year bond yields, while Tesla's earnings report, which exceeded expectations, is attempting to limit this pressure. The general positive trend in Asian markets ahead of the U.S. elections and positive service data from China may also influence the direction of the index. The uncertainty surrounding the upcoming U.S. elections and the subsequent Fed meeting could cause fluctuations in the markets. Unemployment claims and preliminary services and manufacturing PMI data are among other factors that may influence index pricing in the short term.

Technically, the NASDAQ100 index is moving close to the primary support level of 20000. In upward movements, resistance levels of 20150, 20350, and 20500 can be monitored. In downward movements, support levels of 19900 and 19800 can be observed. The RSI indicator is at 48, showing a neutral trend. The index appears to have lost 0.03% of its value during the day. Technical indicators and current support-resistance ranges will be decisive for the direction of pricing.