Daily Analysis NAS100 (06 Jan 2023)

The Nasdaq100 futures are slightly negative before the opening today. Investors are currently focused on the December nonfarm payrolls report, which will provide important insights into the direction of interest rates and the overall health of the US economy. In addition, Tesla's stock price declined by almost 6% in pre-market trading after the company reduced its prices in China for the second time in less than three months.

Technically, The Nasdaq100 Indices are trading very close to support. This could lead to a stronger sell-off in case of a breakdown. 10.600 region is strong support. From here, it has turned its direction upwards 2 times, but if it is broken this time, downward panic selling may increase. Further support is around 10.400.

Support: 10.660 – 10.600 – 10.420

Resistance: 10.800 – 11.000 – 11.170