NDXUSD

The Nasdaq 100 index maintains its upward trend by staying above the pivot level of 20071.41. The U.S. CPI data on May 13 and retail sales data on May 15 are crucial for the index. Retail sales are expected to stabilize at 0.0%, following a strong increase of 1.4% in the previous month, which could pressure tech stocks. If the resistance at 20185.58 is surpassed, the target could be 20296.67. In case of a dip below the pivot, the first support level at 19960.12 stands out. Powell's speech on May 15 could increase volatility for the index. The technical outlook appears positive above the pivot.