Nasdaq-100: Trading Levels to Watch

Key Zones Today
Supply Zones (Red)
Zone 1: 23,926 – 23,943
This is the upper resistance zone, located just below all time high. Sellers are likely positioned here, making it a strong area for potential rejection. A confirmed breakout and retest, however, would indicate buyer strength and could open the path toward new all-time highs.

Zone 2: 23,854 – 23,880
A key intraday supply area with multiple prior rejections. Often acts as a liquidity pool, where failed breakouts can trigger sharp downside moves. A clean break and hold above would flip this zone into short-term support for continuation longs.

Demand Zones (Green)
Zone 3: 23,708 – 23,734
Formed around the recent breakout structure, this zone is expected to attract buyers on pullbacks. A sharp bounce here would confirm demand strength, while a decisive break below flips the area into resistance and could trigger continuation shorts.

Zone 4: 23,551 – 23,577
A deeper support level, aligned with prior consolidation and buyer absorption. Strong bounce potential on first retest, but repeated tests weaken the level. A breakdown here would shift momentum clearly in favor of sellers and open space for a larger downside move.


Nas100 - Cautiously Bullish, Waiting on Momentum
Sentiment in the US100 is cautiously positive but fragile. Large-cap tech continues to support the index, and hopes of imminent Fed rate cuts provide additional tailwinds. Still, the index remains below its all-time high, and uncertainty around economic data and geopolitics keeps investors from going all-in.

In short: there is momentum and optimism, but it rests on a fragile foundation where a single weak data point could quickly shift sentiment.