NDXUSD

The Nasdaq Index is strongly influenced by technology stocks, particularly by data regarding the U.S. economy and expectations for the Fed's monetary policy. The wage increase data announced yesterday and the PCE data expected today may affect interest rate expectations and consequently the performance of technology stocks. Sustaining above the pivot level of 21427.68 could trigger a move towards the resistances of 21605.25, 21983.68, and 22261.68. In pullbacks, the support levels of 21049.25, 20871.68, and 20593.68 will gain significance.