NDXUSD

The NASDAQ 100 index exhibited positive performance following the U.S. CPI data coming in close to expectations. The high valuation multiples of technology stocks show a high sensitivity to changes in inflation and interest rates. After the artificial intelligence chip supply agreement between Nvidia and the Saudi Arabia-based Humain company, Nvidia's shares gained 6%, positively impacting the index's performance. U.S. retail sales figures are considered an important leading indicator for companies in the consumer technology sector. The U.S. CPI data to be released today could increase volatility in the index. The 21281 pivot level stands out as a critical technical level that will determine the short-term trend direction. It is anticipated that selling pressure may arise in price movements occurring below this level.