Technical Analysis of the Nasdaq Index
The Nasdaq Index is moving in an upward trend on the daily timeframe and in a corrective downward trend on the four-hour timeframe. Prices rebounded upward from the 24,225 level, which represents the DOB zone. Currently, prices are trading around the 24,422 level. During the day, prices are expected to rise and end the corrective downward movement on the Nasdaq.

Key Economic News
Today, the U.S. dollar awaits the release of the Personal Consumption Expenditures (PCE) Index, which is currently the Federal Reserve’s preferred measure of inflation. This data is expected to impact the movement of the U.S. dollar and the indices in general.

Liquidity Levels
Prices are expected to rise and target the 24,550 level, followed by the 24,680 level.
The bullish scenario on the four-hour timeframe is invalidated if prices revisit the 24,140 level.