NDXUSD

While trade wars continue, the NASDAQ100 Index continues to make short-term recoveries difficult. The failure of Alphabet, Google’s parent company, to meet revenue expectations in its Cloud division led to a nearly 7% decline in the index. This situation has limited the upward space provided by the drop in U.S. 10-year Treasury yields. Today, ADP non-farm payroll changes and ISM services PMI data will be closely monitored.

The NASDAQ100 index is trading in a zone supported by the indicators we follow. When we technically evaluate short-term pricing, as long as it remains within the 21400 - 21600 range, supported by the 21 (21511) and 233 (21444) period exponential moving averages, the decision phase scenario can remain valid. To strengthen positive expectations, sustained pricing above the 21600 level may be necessary. For a bearish scenario, however, it will be essential to maintain levels below 21400.