Daily Anlaysis NAS100 ( 04 Jan 2023 )
The Nasdaq100 futures rise 70 points before the opening today. The Nasdaq100 index fell yesterday due to Tesla's bad earning report and the increase in Covid-19 cases in China. While recession and inflation concerns continue, investors keep their eyes to economic events from the US today. ISM Manufacturing PMI, JOLTs Job Openings and FOMC Meeting Minutes are the events that will be tracking.
Technically, 10.820 – 10.650 regions stand out as a strong support. If it does not make a new low,it can strengthen its upward movement by getting support from these regions for the third time and go up to 11.400 level (50-EMA).
Support: 10.820 – 10.650 – 10.400
Resistance: 11.070 – 11.265 – 11.400