NDXUSD

The NASDAQ100 index is at a remarkable turning point following the underwhelming U.S. retail sales data and statements by Fed member Waller. The decline in U.S. 10-year treasury yields combined with concerns over economic growth has put pressure on the tech-heavy NASDAQ100. Additionally, declines in stock prices of major companies like Apple, Tesla, and Nvidia have also contributed to the weakening of the index. Warnings from Trump's Treasury Secretary nominee Bessent are fueling economic crisis worries. These developments are narrowing the index's movement range, leading investors to act cautiously.

From a technical standpoint, the NASDAQ100 index is at a critical decision point in the 21200 – 21300 range. For the index, which is trading close to the 21229 level, 21200 serves as support and 21300 as resistance. To gain upward momentum, maintaining above the 21300 level could be sought. In this case, the resistance levels of 21400 and 21500 could be targeted. On the downside, sustained movement below the 21200 level could deepen the decline, bringing the 21100 and 20975 support levels into focus. The RSI indicator is at 51, showing a neutral outlook, and there is a positive change of 0.44% compared to the previous day.