NDXUSD
The NASDAQ100 Index is on an upward trajectory led by technology stocks, despite limited movement in the US 10-year Treasury yield. The stock performance of tech giants like Nvidia, Meta, and Micron Technology contributes to the index's rise. While a report in the Washington Post indicating that the tariff plan proposed by Trump could be narrower in scope than expected has increased optimism in the markets, Trump's denial of the report maintains uncertainty. During the day, ISM services PMI and JOLTS job openings data may be monitored for their potential impact on the markets.
Technically, the NASDAQ100 index is trading at 21,519, and as long as it stays above the 21,500 – 21,600 support range, upward movements are expected to continue. In this scenario, the levels of 21,800 and 21,900 can be monitored as resistance. The RSI indicator is at 63 and has a positive outlook. The index is showing a 0.29% decline compared to the previous day. In the downside scenario, if the region below 21,500 is breached, levels of 21,400 and 21,300 may come into focus.
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