NDXUSD

President Trump continues to implement customs duties without slowing down. Following the European Union's imposition of a 50% additional customs duty on American whiskey exports, Trump warned that he would impose a 200% customs duty on alcoholic beverages originating from Europe. The unexpected drop in the producer price index heralded optimistic results regarding inflation. However, decreasing inflationary concerns combined with rising uncertainty have put pressure on the NASDAQ100 Index. Today, consumer sentiment and inflation expectations from the University of Michigan will be closely monitored.

The NASDAQ100 index is trading below the supported level indicated by the indicators we are tracking. From a technical analysis perspective, if the upward momentum continues in the 19500-19600 region, supported by the 21-period exponential moving average at 19548, a downward trend could persist. If declines continue, movements toward support levels of 19350 and 19250 may occur. For upward price movements, four-hour closures above 19600 may be necessary, with resistance levels of 19700 and 19800 to be monitored. Key level of the day: 19500 – 19600 region.