NDXUSD

The NASDAQ100 index showed limited pricing following stronger-than-expected retail sales data released in the US. While the increase in retail sales provided positive signals regarding economic activity, a mixed trend among stocks was observed. Technology giants like Nvidia and Broadcom experienced declines, while Tesla's rise was notable. Investors are also closely monitoring the Fed's monetary policy statement and PCE inflation data. The expectation that the Fed will cut interest rates is causing markets to focus on uncertainties about the future.

The chart shows the NASDAQ100 index trading on a 4-hour timeframe. It is observed that the index is trying to stay above the support zone in the 22100 - 22200 range, and as long as declines remain limited within this range, the positive trend could be maintained. In upward movements, resistance levels at 22400 and 22500 could be important. If downward expectations gain strength, support levels of 22000 and 21900 may come into play. The RSI indicator is at 54, showing a neutral outlook. The index has increased by 0.14% compared to the previous day.