Nasdaq 100 Pullback at Key Pivot Within Long Term UptrendNASDAQ 100 IndexNASDAQ:NDXmindfullylostGood Morning , The Nasdaq 100 is currently in a healthy long term uptrend, but recent price action shows a clear shift into a corrective phase after rejecting from a major supply zone. This type of pullback is normal after strong rallies, especially in a market driven by high expectations and sensitive to interest rates. Right now, price is sitting around a key pivot area that will likely determine the next move. The market is balancing between continued downside correction and a potential recovery back toward highs. This analysis breaks down each time frame to keep things simple and actionable. The goal is to understand where we are in the bigger picture, identify key levels, and outline clear trade scenarios depending on how price reacts. Weekly Time Frame Context Long term uptrend remains intact, but price has rejected from a major supply zone and is correcting. Key Idea The market is pulling back toward a major pivot area. Trade Scenarios Bullish Scenario Price holds above the pivot around 22,200 Buyers step in with strong weekly closes Potential move back toward 25,700 to 26,400 Bearish Scenario Clean break and weekly close below 22,200 Opens downside toward deeper demand around 18,000 How to Think About It This is not a short term trade zone. It is about positioning. As long as price holds above the pivot, the long term trend is still valid. Daily Time Frame Context Market structure is currently bearish with lower highs forming. Key Idea Price reacted from demand and is now testing whether it can reclaim the pivot. Trade Scenarios Bullish Scenario Price reclaims and holds above 24,600 Structure shifts back to higher highs and higher lows Upside toward 25,800 and potentially supply Bearish Scenario Price rejects below 24,600 Fails to break structure Continuation toward 22,300 demand How to Think About It The pivot is the decision level. Above it favors recovery, below it favors continuation lower. 4 Hour Time Frame Context Short term downtrend, currently bouncing from demand. Key Idea Price is moving into the pivot zone from below. Trade Scenarios Bullish Scenario Strong break above 24,700 Hold above with consolidation Continuation toward 25,500 to 26,000 Bearish Scenario Rejection at 24,700 Lower high forms Move back toward 23,000 demand How to Think About It This is the most actionable level right now. Watch how price behaves at the pivot. 1 Hour Time Frame Context Short term bounce with improving momentum. Key Idea Price is approaching a minor supply zone. Trade Scenarios Bullish Scenario Break above 24,100 to 24,300 Hold and build support Intraday continuation higher Bearish Scenario Rejection at supply Loss of 23,750 pivot Move back toward 22,900 demand How to Think About It This is where entries can be refined. Use this time frame to confirm direction from higher time frames. Overall Strategy Weekly gives direction Daily confirms bias Four hour gives setup One hour gives entry Current Focus All eyes on the pivot zone around mid 24,000. That level will likely decide the next meaningful move. Fundamentals Overlay Interest rates remain the biggest pressure on tech Earnings are strong but expectations are high Liquidity has cooled after a strong run Market is in a normal reset phase What This Means for Trades Bullish trades need confirmation, not assumption Bearish trades have momentum but are approaching support Expect volatility around key levels Trade Safely! Enjoy!