NDXUSD

The Nasdaq 100, the index most sensitive to interest rates, is hovering just above the pivot level of 24099.87, closely watching Friday's Core PCE inflation data. Powell's dovish signals, combined with inflation data meeting expectations, could quickly drive the index to resistances of 24123.70, 24159.34, and 24202.25, bolstering growth expectations for technology stocks. However, any hawkish messages from Powell and a hotter-than-expected inflation report could trigger a sharp wave of profit-taking in technology stocks, pulling the index back towards support levels of 24049.82 and 24020.53.