NDXUSD

The NASDAQ100 index, experiencing some relief with the U.S. 10-year Treasury bond yields declining to 4.54%, continues to display a fluctuating pattern on the last trading day of the year. The mixed performance in Asian markets and negative news flow from the U.S. are exerting some pressure on the NASDAQ100. Although the positive effects of expansion in China's manufacturing sector and stimulus efforts are noteworthy, political uncertainties and trade tensions in the U.S. are influencing the index's direction.

Technically, the NASDAQ100 index is trading at the 21,174.7 level and continues to remain below the resistance zone of 21,600 - 21,700. Maintaining below this zone may sustain its downward movement tendency. In this case, the levels of 21,400, 21,300, and 21,200 can be monitored as support. The RSI indicator is at the 40 level, exhibiting a negative outlook, and it is notable that the index shows a 0.10% increase compared to the previous day. For a potential upward movement, it seems that sustained movements above the 21,600 - 21,700 resistance zone are needed.