Market View
The Nasdaq 100 remains in a broader bullish trend on the 4H chart, but recent price action has shifted into a corrective phase after failing to hold near recent highs.
Following the strong rally from April through early June, the index has gradually formed lower highs, indicating that bullish momentum has weakened in the short term. Price is now approaching an important support area where buyers may attempt to stabilize the market.
As long as major support remains intact, the broader uptrend is still valid despite the ongoing correction.
Key Resistance
First resistance: 28,500–28,700
This is the nearest resistance zone where recent rebounds have repeatedly stalled.
Second resistance: 29,000–29,250
A breakout above this area would improve short-term momentum and reduce downside pressure.
Major resistance: 29,800–30,100
Reclaiming this zone would confirm that buyers have regained control of the broader trend.
Key Support
First support: 27,900–28,050
Price is currently trading around this support area. Holding above it could trigger a technical rebound.
Second support: 27,500–27,700
If sellers remain in control, this becomes the next downside objective.
Major support: 26,900–27,100
A break below this region would signal a deeper correction within the broader uptrend.
Market Sentiment
Market sentiment is cautiously bearish in the short term.
Although the broader trend remains positive, recent lower highs suggest buyers have become more defensive. Until resistance levels are reclaimed, rallies may continue to face selling pressure.
Please share your view below:
Will NDX defend support and resume its broader uptrend? Or will sellers extend the correction toward lower support levels?
More market structure and key level updates will be shared regularly.
The Nasdaq 100 remains in a broader bullish trend on the 4H chart, but recent price action has shifted into a corrective phase after failing to hold near recent highs.
Following the strong rally from April through early June, the index has gradually formed lower highs, indicating that bullish momentum has weakened in the short term. Price is now approaching an important support area where buyers may attempt to stabilize the market.
As long as major support remains intact, the broader uptrend is still valid despite the ongoing correction.
Key Resistance
First resistance: 28,500–28,700
This is the nearest resistance zone where recent rebounds have repeatedly stalled.
Second resistance: 29,000–29,250
A breakout above this area would improve short-term momentum and reduce downside pressure.
Major resistance: 29,800–30,100
Reclaiming this zone would confirm that buyers have regained control of the broader trend.
Key Support
First support: 27,900–28,050
Price is currently trading around this support area. Holding above it could trigger a technical rebound.
Second support: 27,500–27,700
If sellers remain in control, this becomes the next downside objective.
Major support: 26,900–27,100
A break below this region would signal a deeper correction within the broader uptrend.
Market Sentiment
Market sentiment is cautiously bearish in the short term.
Although the broader trend remains positive, recent lower highs suggest buyers have become more defensive. Until resistance levels are reclaimed, rallies may continue to face selling pressure.
Please share your view below:
Will NDX defend support and resume its broader uptrend? Or will sellers extend the correction toward lower support levels?
More market structure and key level updates will be shared regularly.
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.