NDXUSD

The NASDAQ100 index continues to reach new highs, despite the rise in 10-year bond yields, following the increase in the U.S. JOLTS job openings data. Investors are closely watching the ADP non-farm employment change, ISM services PMI data, and the speech by Fed Chair Powell, all scheduled to be released today. These developments could be decisive for the short-term trajectory of the index. In Asian markets, a cautious trend is observed in South Korea due to the declared martial law, while U.S. index futures show a positive trend.

Technically, the NASDAQ100 index is trading above the 21-period exponential moving average on the 4-hour chart. Limiting declines within the 21100 – 21200 range is important for maintaining the positive trend. Sustained movement above the 21300 level in upward moves could lead to testing of the 21400 and 21500 resistance levels. To confirm a downward trend, 4-hour closes below the 21100 level are required; in this case, the 21000 and 20900 support levels could come into focus. The RSI indicator appears neutral at 47.8, and it is observed that the index has risen by 0.22%.