Daily Analysis NAS100 (09 Jan 2023)
The Nasdaq100 futures are slightly positive before the opening today. US stock markets are expected to open higher, continuing the upward trend from Friday's trading. This follows the release of the December jobs report, which indicated that the growth of jobs and wages is slowing to a sustainable level without showing signs of an imminent recession. This has increased optimism that the Federal Reserve may still be able to achieve its goal of a "soft landing" for the economy through its monetary polic
Technically, Last Friday was a critical day for the Nasdaq100. It has risen again from its strong support, which it has returned many times. 10.670 region is seen as strong support. From here, it has turned its direction upwards 3 times. 11.160 (21-DMA) level is the first resistance, this resistance is followed by 11.290 and 11.390 levels.
Support:
10.800 – 10.670 – 10.420
Resistance: 11.160 – 11.290 – 11.390