NDXUSD

President Trump's tariff and foreign policy decisions are causing the NASDAQ100 Index to maintain a downward trend. Following the approval of tariffs on Canada and Mexico, an executive order was signed to review copper tariffs. This situation affects efforts to limit the index's declines in futures markets despite the decrease in 10-year bond yields. Today, important data such as the Conference Board consumer confidence index and the Richmond Fed manufacturing index will be monitored.

The NASDAQ100 index is trading below the levels supported by the indicators we are following. In short-term technical analysis, it may show a negative outlook as long as it remains outside the 21500 – 21600 range supported by the 21-period exponential moving average. If the pullback continues, a move towards the 21200 and 21100 levels can be expected. For a positive trend, sustainable pricing above the 21500 – 21600 range is necessary; in that case, the 21700 and 21820 levels may come into focus.