NDXUSD

The NASDAQ100 index managed to maintain Friday's gains despite the rise in U.S. 10-year Treasury bond yields. Technology stocks, particularly Tesla, Nvidia, MicroStrategy, Palantir, and AMD, were at the forefront of this upward movement. The Asian markets starting the week with sell-offs and their weaknesses against the dollar may increase interest in U.S. markets. The cautious stance of Fed officials regarding inflation and the significant data flow concerning the U.S. economy are also among the factors drawing investors' attention.

Technically, the NASDAQ100 index is trading between the critical levels of 21400 – 21600. It is important for the index to rise above the 21600 level to gain a positive direction. In this case, the resistance levels of 21700 and 21800 could be observed. However, for declines to come to the forefront, staying below the 21400 level is necessary, in which case the support levels of 21300 and 21200 could become important. The RSI indicator is at 54.6, and the market is exhibiting a positive trend, indicating potential for a short-term rebound. The index has increased by 0.26% compared to the previous day.