NDXUSD

Walmart's failure to meet market expectations for 2025 has created a negative atmosphere in the retail sector. On the other hand, budget cuts from the Pentagon have put pressure on Palantir's stock price. These two developments have led to a decline in the NASDAQ100 Index, while the decrease in 10-year bond yields has somewhat mitigated the effects of this decline. Throughout the day, leading manufacturing and services PMIs, existing home sales, and Michigan consumer sentiment data are being monitored.

The NASDAQ100 index is trading within a range supported by the indicators we are following. When evaluated technically, the 22100 – 22200 area, supported by the 21-period exponential moving average, stands out as a zone where a decision phase may be valid. To strengthen a positive outlook, sustained pricing above the 22200 level may be required.