NSDQ100 short-term bounce driven by easing headlinesUS Tech 100TRADENATION:USTECTradeNationNasdaq 100 futures are rebounding this morning, tracking the broader risk recovery after Donald Trump’s ceasefire extension eased immediate geopolitical fears. However, the move looks more like a partial bounce than a full risk-on shift, with gains narrower and more selective than yesterday’s selloff. Energy market tension remains the key macro overhang. Brent is holding near $100 as disruptions around the Strait of Hormuz persist, keeping inflation and rate concerns in play. That backdrop is capping upside in tech, as higher oil and yields tend to pressure long-duration growth stocks despite the dip in Treasury yields overnight. For the Nasdaq 100 specifically, the tone is cautiously constructive but fragile. The rebound in futures suggests dip-buying is still active, but persistent geopolitical risk and elevated energy prices limit multiple expansion. On the micro side, AI remains a key support. SpaceX’s potential $60bn tie-up with Cursor highlights continued aggressive investment in AI infrastructure, reinforcing the structural growth narrative underpinning mega-cap tech. Overall: short-term bounce driven by easing headlines, but upside is constrained by oil, geopolitics, and rate sensitivity—keeping the Nasdaq 100 in a choppy, headline-driven range. Key Support and Resistance Levels Resistance Level 1: 26920 Resistance Level 2: 27100 Resistance Level 3: 27330 Support Level 1: 26275 Support Level 2: 26040 Support Level 3: 25800 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.