NDXUSD

The pivot at 23,646.93 on the Nasdaq 100 is a critical decision level. If stability is achieved above the pivot, it may be possible to recover 23,678.10 and expand the rally towards the resistance levels of 23,811.38 and 23,984.53. If pricing falls below the pivot, 23,231.70 stands out as the first support; if this level is broken, a deeper pullback towards 23,118.53 and 22,945.33 may occur. In the data agenda, ADP, ISM, and Friday's non-farm payrolls/wages will be decisive. A stronger-than-expected employment set may create pressure on the index by reinforcing the perception of "higher interest rates for a longer time"; in the case of weak data, an increase in risk appetite may lead to testing upper resistance levels.