NDXUSD

The Nasdaq 100, which is the most sensitive index to interest rates, is hovering just above the pivot level of 24099.87, closely watching Friday's Core PCE inflation data. If Powell delivers dovish signals and the inflation data meets expectations, it will strengthen growth prospects in technology stocks, quickly pushing the index to resistances at 24123.70, 24159.34, and 24202.25. However, any hawkish messages from Powell and a hotter-than-expected inflation figure could trigger a sharp wave of profit-taking in technology stocks, pulling the index back towards supports at 24049.82 and 24020.53.