NSDQ100 bullish reaction to rate-cut expectationsUS Tech 100TRADENATION:USTECTradeNationUS CPI and a sharp rise in jobless claims (+263k vs. +235k expected, Texas-driven distortions aside) reinforced the narrative of a cooling labour market. Equities rallied on the lower rates outlook: S&P 500 (+0.85%) and Nasdaq (+0.72%) closed at fresh records, with the Magnificent 7 up +1.13%. Breadth was strong (436 S&P advancers, Russell 2000 +1.83%). Oracle (-6.23%) was a notable laggard after recent gains. Meanwhile, OpenAI’s potential $100bn+ restructuring with Microsoft and a UK data center buildout highlight continued AI momentum. On the geopolitical front, US-China talks (Bessent–He Lifeng) and a possible Xi-Trump meeting, plus progress with India, suggest tentative thawing in trade and tech relations. Conclusion (Nasdaq-100): The combination of softer labour data, rate-cut expectations, and sustained AI optimism is a constructive backdrop for the Nasdaq-100. Short-term pullbacks (e.g., Oracle) appear stock-specific, while breadth and AI-linked capex support further upside. Near-term, dips remain buyable unless geopolitics disrupt risk sentiment. Key Support and Resistance Levels Resistance Level 1: 24200 Resistance Level 2: 24380 Resistance Level 3: 24600 Support Level 1: 23500 Support Level 2: 23320 Support Level 3: 23125 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.