Short

NDX 2H: Resistance Rejection Keeps Downside Pressure Intact

NDX 2H: Resistance Rejection Keeps Downside Pressure Intact

NDX | 2H Educational Analysis

The Nasdaq 100 has broken below a key ascending trendline and is facing rejection from a major resistance area, suggesting a potential continuation of bearish momentum.

🔹 Resistance Area: 29,200 – 29,500
🔹 Current Price Area: 28,620
🔹 First Support Target (TP1): 27,300
🔹 Second Support Target (TP2): 25,800

Educational Trade Setup:
• Entry Area: Bearish rejection below 29,200
• Stop Loss (SL): Above 29,600
• Take Profit 1 (TP1): 27,300
• Take Profit 2 (TP2): 25,800

Analysis:
Price has failed to reclaim the highlighted resistance zone after breaking the rising trendline. The recent rejection indicates weakening bullish momentum, while market structure favors a move toward lower support levels. As long as price remains below the resistance area, sellers may continue to dominate. A sustained move above resistance would invalidate the current bearish outlook.

Disclaimer:
This analysis is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and apply proper risk management before trading.