NASDAQUS 100 IndexFX:NAS100Dan-GoldfxNASDAQ Analysis – Possible Early Pullback Before New York Session The Nasdaq may experience a short-term correction during the London session and pre–New York, especially after yesterday’s explosive 550-point rally driven by Nvidia’s strong earnings. Price is currently sitting on the 0.786 Fibonacci level, which is acting as a strong support and has been respected multiple times. At the same time, the index is positioned just below the descending trendline formed from the recent highs. The fractal structure has now been completed, suggesting we could see a small bearish move before the New York session potentially resumes the bullish trend. If price fails to break below the 0.786 support and instead breaks above the descending trendline, we could see continuation to the upside, targeting 25,300 in the next impulsive leg.