NDXUSD

On the first trading day of the week, U.S. President Trump's introduction of new tariffs on major trading partners heightened concerns in the market, creating uncertainty about the future of the economy. The U.S. has implemented a 10% customs duty on China and a 25% duty on Mexico and Canada. It has been reported that Canada and Mexico will respond to this increase, and China intends to file a lawsuit with the World Trade Organization. These developments are being monitored as pressure points on the S&P 500 Index. Additionally, ISM manufacturing PMI and manufacturing PMI price index data will be followed throughout the day.

The NASDAQ 100 index is trading above the levels supported by the indicators we are monitoring. When evaluating short-term pricing technically, as long as it remains below the 21 (21536) and 233 (21441) period exponential moving averages supporting the 21400 – 21600 zone, the downward trend may continue. If downward pricing persists, the levels of 20975 and 20900 could become significant supports. For upward movement, sustained pricing above the 21400 – 21600 area will be necessary. If prices form above 21600, resistances at 21700 and 21820 may come into play.