NDXUSD

Rising customs duties and increasing concerns about stagnation continue to suppress gains in the NASDAQ100. Additionally, the rise in US 10-year treasury yields creates an effect that limits the index's upward movements. Today, consumer sentiment and inflation expectations from the University of Michigan will be monitored.

The NASDAQ100 index is trading above the area supported by the indicators we are tracking. When we technically evaluate short-term pricing, as long as it remains above the 19600 - 19700 region supported by the 21-period exponential moving average, the upward expectation can remain strong. If the desire to rise continues, levels of 19900 and 20000 may be encountered. In an alternative scenario, if sustained below the 19600 - 19700 region occurs, a movement towards levels of 19500 and 19350 could take place.