NDXUSD

The NASDAQ100 index is following the decline in the 10-year bond yield after last Friday's employment data release. This creates a recovery area for the index on the first trading day of the week. Turmoil in Asian markets and the low levels of U.S. 10-year bond yields have a short-term positive effect on NASDAQ100. However, global factors like the political unrest in South Korea and China's inflation outlook could potentially exert pressure on the index.

Technically, the NASDAQ100 index has found strong support between the levels of 21400 - 21500. If it remains above this range, resistance levels of 21600 and 21700 may be targeted in upward movements. However, if the index falls below the 21400 level, support levels of 21300 and 21250 may be tested. The RSI indicator is at the level of 52, exhibiting a neutral trend. It is observed that the index has shown a daily increase of 0.10%.