NDXUSD

The NASDAQ100 index is following a positive trend, driven by the rate cut tendencies of FOMC members and particularly by mega-cap technology companies. FOMC member Waller's inclination to support a rate cut and Williams' more neutral stance have strengthened market expectations for a rate cut in December. This has helped the S&P500 Index reach record levels. The performances of prominent technology giants are contributing positively to the index, while significant data such as the JOLTS report is being closely monitored.

Technically, the NASDAQ100 index is maintaining its positive trend in the 4-hour timeframe by trading above 21100. The RSI indicator is at 55, presenting a slightly positive outlook. While the index has the potential to test the resistance levels of 21250 and 21300, the support levels at 21100 and 21000 become crucial in downward movements. On a daily basis, the index recorded a 0.12% increase, and closures below the 21000 level could create a negative outlook.