US NAS 100US Nas 100OANDA:NAS100USDTriple7Capital📊 US NAS 100 | 8H | Weekly Outlook — May 5–9, 2026 The Nasdaq 100 has printed a sharp rejection from a key resistance zone near 27,888.7 on the 8H chart 🏔️. After a strong impulsive rally from the mid-April lows, price has stalled and reversed at a well-defined structural ceiling — a level that has capped price twice and now holds significant technical weight ⚠️. The projected path this week follows a classic corrective sequence 🔄. Price is expected to continue its pullback toward the 26,188.9 demand area — a level that aligns with a prior horizontal support zone visible across multiple timeframes. Once this level absorbs selling pressure, a recovery leg is anticipated back toward the 26,903.6 resistance zone 📈, which sits just above the broad structural support band that held through the prior consolidation range. Key levels to watch 🔑: Resistance / Prior High: 27,888.7 — confirmed rejection, heavy supply zone Downside Target / Demand: 26,188.9 — key structural support Recovery Target: 26,903.6 — mid-structure resistance pivot Broader Support Floor: ~26,100 horizontal demand (multi-touch level) On the macro front 🌍, the Nasdaq faces a pivotal week. The S&P 500 and Nasdaq 100 closed at record highs going into the weekend, supported by strong Apple earnings, Meta recovering its selloff, and Oracle surging nearly 7% on AI spending signals 🚀. However, AI investment carrying US GDP in Q1 while private consumption showed signs of slowing raises a nuanced picture for sustainability at these elevated levels 📉. TRADING ECONOMICSTRADING ECONOMICS This week's heavy macro calendar — NFP, ADP, Services PMI, and JOLTS — will be critical in determining whether the corrective move extends or is swiftly absorbed 📅. A strong NFP print could strengthen the dollar and pressure equities, while a soft reading may fuel a quicker recovery toward the 26,903 zone. 📌 Educational analysis only. Not financial advice.