Daily Analysis NAS100 (10 Jan 2023)

The Nasdaq100 futures are slightly negative before the opening today. Wall Street stock futures decreased, and European stocks also went down as investors awaited comments from Federal Reserve Chairman Jerome Powell, who they hoped would provide insight into the direction of interest rates. The value of the Dollar Index remained relatively stable, while the yields on 10-year Treasury bonds slightly increased to 3.55%.

Technically, The Nasdaq100 Technology Index was rejected from 11.300 (21-EMA) yesterday. The 11.300 level stands out as a tough resistance. This resistance level is followed by 11.550 and 11.770 levels. On the downside, there is a 10.800 level that acts as a support many times. 10.670 region is seen as strong support. From here, it has turned its direction upwards 3 times.

Support: 10.800 – 10.670 – 10.420

Resistance: 11.300 – 11.550 – 11.770