Daily Analysis NAS100 (16 Jan 2023)

Nasdaq100 futures are slightly negative today. Market holidays such as the US holiday can result in lower trading volumes and reduced market activity, which can lead to lower volatility in financial markets. This is because many traders and investors may be away from their desks, leading to less buying and selling activity and more stability in asset prices.

Technically, The Nasdaq100 Technology Index seems to have jumped above the moving averages. If it manages to stay above this level, it can aim higher. The 11.575 level stands out as the resistance to be followed in the near term, while the 11.900 and 12.050 levels are the next resistances. The support level is at 11.400, more downside is at the 11.100 level.

Support: 11.400 – 11.100– 10.800

Resistance: 11.575 – 11.900 – 12.050