Technical Analysis of the Nasdaq Index
The Nasdaq index is moving within an upward trend on the weekly timeframe and a sideways movement on the daily timeframe. On Monday, the prices formed a sideways range on the hourly chart. At the beginning of Tuesday, prices declined to grab the liquidity below last week’s low and created an FVG during the drop. Currently, prices are trading around the 23272 level.

Key Economic News
The U.S. dollar is awaiting today’s ISM Manufacturing PMI data. This report is expected to have a clear impact on the markets throughout the session.

Liquidity Levels
Prices are expected to rise if the FVG area on the hourly chart is closed and a one-hour candle closes above the 23405 level. Within this zone, we will look for buy signals targeting the 23640 level and then 23757. The bullish scenario will be invalidated if a 4-hour candle closes below the 23233 level.