NDXUSD
The Nasdaq 100 index is fluctuating below the pivot level of 22506.93. It is in an attempt to recover after a sharp decline in recent times. Strong earnings reports from technology giants are providing support to the index. However, the employment data from the US indicating a cooling in the labor market and recession fears are limiting risk appetite. Technically, resistance levels of 22847.06 and 22988.61 will gain importance above the 22778.79 resistance. On the downside, the support level of 22303.99 is critical, and sales may accelerate below this level.