US 100 (Nasdaq 100) — Bulls Knocking on the Wrong Door?US 100 IndexTVC:NDQbemfunding The Nasdaq 100 has staged one of its sharpest corrections in recent months. After hitting highs near the 26,100 region in January, bears took control and dragged price all the way down to the 24,400 area, a nearly 1,700 point drop in a matter of weeks. Now, price is attempting to claw back. That move deserves both respect and caution. Where we stand: Price is currently trading at 25,329, sitting just below the Monthly Open at 25,491, a level that has acted as a magnet throughout February. The long-term EMA (24,040) is well below, confirming the broader uptrend remains intact on the daily timeframe. The key question now is whether this recovery has enough fuel to challenge the January highs (~26,100) or whether we see a deeper flush first. Levels to watch: 25,491–25,500 is the immediate resistance zone. This is the Monthly Open and price has been rejected here multiple times. A clean daily close above it would be a significant bullish signal. 24,952 (Weekly Open) remains the line in the sand for bulls. As long as price holds above it, the path of least resistance stays to the upside. Below 24,952, the narrative shifts. That would suggest today's bounce was a dead cat rally and open the door back toward 24,040 (long-term EMA). Bias: Bullish above 24,952. Targeting Monthly Open reclaim at 25,491 and eventual retest of 26,100. Invalidation: Daily close below 24,952. Not financial advice. Trade your own plan.