NDXUSD

U.S. President Trump announced that in response to Canada's decision to impose a 25% additional customs duty on electricity exports, he would increase tariffs on Canadian steel and aluminum to 50%. Ontario Premier Ford decided to halt the implementation of the additional charges. Concerns about stagnation and rising uncertainty are limiting the recoveries of the NASDAQ100 Index. Consumer inflation data will be tracked today.

The NASDAQ100 index is trading below the support level we are monitoring. In short-term technical assessments, as long as it remains below the 19700 - 19800 region supported by the 21-period exponential moving average, the downward trend may continue. If downward movements persist, a move towards the support levels of 19350 and 19250 could occur. For upward pricing, 4-hour closes above 19800 are necessary.