NDXUSD

The NASDAQ100 Index is under pressure due to U.S. retail sales data falling short of expectations and Fed member Waller mentioning the possibility of an interest rate cut. Additionally, warnings from Trump's Treasury Secretary nominee Bessent regarding tax cuts, and the decline in stock prices of major technology companies like Apple, Tesla, and Nvidia, are increasing the pressure on the index. Asian markets started the week positively following the favorable meeting between Trump and Chinese President Xi Jinping. However, U.S. markets will be closed due to Martin Luther King Day.

Technically, the NASDAQ100 Index is trading in the 21200 - 21300 support and decision zone. Sustained pricing above the 21300 level may be important for a positive outlook, and in such a scenario, the resistance levels at 21400 and 21500 could come into focus. In downward movements, the 21200 level is a critical support, and if a sustained break below this level occurs, a decline towards the 21100 and 20975 support levels may be possible. The RSI indicator shows a neutral outlook, with a slight 0.05% decrease compared to the previous day.