US Tech 100 Cash (NAS100 / NASDAQ) Recorded: 11/17 – 1:52US Tech 100 Cash ($100)IG:NASDAQYUHUNGTsaiThesis: Price swept prior liquidity and printed aggressive delta absorption at the demand zone. Despite selling imbalance, buyers continued to lift the offer, signaling passive accumulation rather than continuation selling. This aligns with the current higher-timeframe trend structure. Footprint Evidence: Large negative delta absorbed at the lows (2.9K → 3.3K stacked). No follow-through selling despite footprint imbalance. Subsequent candle printed trapped sellers and initiated responsive buy programs. Cumulative delta failed to make a lower low → bullish divergence. Market Context: NASDAQ remains in a trending environment with controlled pullbacks. Current positioning shows willingness from larger participants to defend the zone rather than liquidate. As long as price remains above the absorption block, bullish continuation remains the higher-probability play. Trade Logic: Entered on absorption confirmation. If price reclaims the imbalance above, I expect continuation toward liquidity at the previous session high. Invalidation is below the absorption block, where passive buyers failed. Summary: Smart money absorbed sell pressure at demand, trapped shorts, and rotated the auction higher. Bias remains long until structural invalidation.