The data triggered a dovish repricing in interest rate expectations, with the probability of a September rate hike falling to 38%, compared with 54% before the release. A hot report will likely trigger a selloff in the short-term, with traders increasing rate hike bets. NASDAQ TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can see the Nasdaq is consolidating below the key swing level at 30,065. NASDAQ TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we can see the recent price action formed a symmetrical triangle. UPCOMING CATALYSTSToday, we have the US CPI report.