Nasdaq: Short-Term Rebound Within the Broader StructureUS Tech 100 Cash ($100)IG:NASDAQBMN_TradesA potential +3–5% upside move in Nasdaq is possible as a tactical rebound, without implying a structural trend reversal. Short-term supportive factors: Recent volatility has pushed the index into mildly oversold territory, increasing the probability of a technical bounce. Dip-buying interest is gradually returning to large-cap technology names. The absence of new macro shocks has eased immediate pressure on growth assets. Mega-cap fundamentals remain relatively solid, helping stabilize index-weighted performance. From a structural standpoint, this would represent a corrective move within the prevailing trend rather than the start of a new bullish cycle. We saw a similar setup in December 2025, when the price declined within a trendline, and the 100-MA acted as resistance. Currently, price is facing the same trendline along with the 50-MA as resistance. RSI is consolidating after a decline, similar to the pattern observed in December 2025. A breakout above this range could lead to a sharp move upward. Key points to watch: Confluence of trendline and moving average as resistance RSI consolidation signaling momentum pause Volume and follow-through above resistance for confirmationHowever, renewed rate pressure, hawkish macro developments, or weaker earnings guidance could quickly invalidate the rebound scenario.