NDXUSD

In the U.S., the core PCE price index decreased from 2.9% to 2.6% annually, aligning with market expectations. Meanwhile, as the March 4 deadline for tariffs indicated by President Trump approaches, Commerce Secretary Lutnick suggested that tariffs on Mexico and Canada could be lower than the initial rate of 25%. The NASDAQ100 Index, which closed higher on Friday, is also showing a positive trend in futures trading. Throughout the day, the ISM manufacturing PMI and manufacturing prices data are being closely monitored.

The NASDAQ100 index is trading below the levels supported by the indicators we are tracking. According to short-term technical assessments, as long as the range of 20975 – 21100, supported by the 21-period exponential moving average, continues to suppress upward momentum, the downward trend may prevail. If declines persist, a move towards 20900 and 20785 levels could be observed. For an upward price movement to occur, there may need to be four-hour closes above the 21100 level.