US 100 Cash CFD
Short

NASDAQ 100 – Bearish Correction Toward Major Daily Support

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🔍 Market Overview

NASDAQ 100 has failed several times to maintain momentum near the 30,400–30,600 resistance zone. After reaching this area, price entered a volatile consolidation and has gradually started forming lower highs.

We are now watching the 28,500–28,600 area, which represents the lower boundary of the recent structure. A confirmed daily breakdown below this level could indicate that a broader correction is beginning.

📉 Bearish Scenario

If price closes decisively below 28,500, we may look for continued selling pressure toward:

27,600 as the first intermediate area
26,300–26,000 as the main daily demand zone

This lower zone previously acted as resistance before the strong bullish breakout and may now be retested as support.

📈 Bullish Scenario

The bearish setup would weaken if buyers recover the 29,600 area. A sustained move above this level could allow price to return toward 30,400–30,600.

A confirmed breakout above 30,600 would invalidate the current corrective structure and could support another bullish continuation.

🎯 Our View

At the moment, we maintain a bearish corrective bias while price remains below 29,600. The principal downside target is located around 26,300, but confirmation below 28,500 remains important before expecting a deeper decline.

Risk management remains essential, as the long-term trend is still broadly bullish and this setup represents a potential correction rather than a confirmed long-term reversal.

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