Global Markets Mixed as NASDAQ and Dow Decline While Nikkei Gains

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The NASDAQ 100 index has slightly declined after reaching a record high last week, but the overall upward trend remains intact. The current support level is around 20,717, which is near the 50-day simple moving average.

If losses continue, the index could potentially target the post-election low of 20,350.

The Dow Jones Industrial Average is experiencing a small pullback from its record highs, but this has minimal impact on the prevailing upward trend. If the index closes below the mid-November highs of 44,400, it could test the 43,000 level, which was last seen on November 18.

On the other hand, the Nikkei 225 has made modest gains due to China's recent policy shift, reaching approximately 39,000. However, the index is struggling to close above the 40,000 mark, and the strong upward momentum from last week is showing signs of weakening. A close above 40,000 could indicate a breakout, while a drop below 38,500 may lead to a retest of recent lows near 38,000.

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