Technical Analysis of the Nasdaq Index
The Nasdaq index is moving in a downward trend on the hourly chart, following a liquidity grab around the 25,375 level. Prices have formed an FVG zone on the four-hour chart around 25,075, from which prices have bounced downward. The downward trend is expected to continue throughout the day.

Key Economic News
Markets are awaiting the monthly Producer Price Index (PPI) data today, which is expected to impact the movements of the U.S. dollar and broader indices.

Liquidity Levels
Prices are expected to decline, targeting 24,739, followed by 24,623. The bearish scenario will be invalidated if an hourly candle closes above 25,143.