NDXUSD

The balance around the pivot of 23,682.25 in the Nasdaq 100 reflects a sensitive structure towards the PCE data. If a sustained stay above the pivot is achieved, 23,709.35 can be reclaimed, making a relief move towards the resistances at 23,964.15 and 24,111.10 possible; profit-taking in these areas can be expected. In the pricing that settles below the pivot, 23,630.35 stands out as the first defense; its break can accelerate the momentum towards 23,470.40, and the region around 23,208.45 is considered the main bottom area for intraday declines. An above-expectation PCE could pressure the technology-weighted index with the perception of "higher rates for a longer period," while a below-expectation data could revive risk appetite and facilitate testing of resistances.