Daily Analysis NAS100 (13 Jan 2023)

The Dow Jones, S&P 500, and Nasdaq100 futures all fell before the opening, potentially indicating a negative trend in the stock market. The drop in Tesla's stock price, following the company's decision to cut prices in the U.S. and Europe, may be contributing to this trend. However, it's worth noting that some companies, such as JPMorgan, Bank of America, Delta Air Lines, and UnitedHealth, reported better-than-expected earnings before the market opened, but their stock price also went down. Market dynamics are complex and can be influenced by a variety of factors, including global economic conditions and investor sentiment.

Technically, The Nasdaq100 Technology Index is between 50-DMA and 100-DMA (11.350-11.520). The resistance level is followed by 11.520 (100-DMA) It got rejected from the 100-DMA. On the downside, 11.250 and 10.800 regions are seen as strong supports.

Support: 11.250 – 11.110– 10.800

Resistance: 11.520 – 11.770 – 12.010