NDXUSD

The NASDAQ100 index is showing some recovery as U.S. 10-year treasury yields pull back from high levels. News that Trump will implement tariffs gradually has had a positive effect on the index, resulting in calm trading in the dollar. While a mixed trend is observed in Asian markets, the decline in U.S. tech stocks is notable. The PPI data to be released during the day could also have an impact on the market. This data may provide clues about the Fed's next steps in the coming period.

Technically, the NASDAQ100 index is currently trading below the 21100 – 21200 resistance zone, which is suppressing uptrends. On the downside, the support levels of 21000 and 20900 are important. A negative outlook may continue under the pressure of the 21-period exponential moving average. The RSI indicator is at 44, displaying a negative trend. To gain upward momentum, the index needs to sustain prices above the 21200 level. If it surpasses this level, the 21300 and 21400 resistances could come into play. With a 0.18% increase from the previous day, the index is exhibiting a short-term sideways trend.