US100 | Weekly Update – Liquidity Filled, Macro Headwinds AlignUS Tech 100 IndexPEPPERSTONE:NAS100shazfitAs outlined in prior updates, price has now cleanly tapped the 25k–25.5k liquidity pocket, confirming it as a magnet zone. The move appears increasingly corrective within a broader distribution phase, rather than the start of a sustained bullish expansion. Current Read (Technical) Liquidity above has been successfully cleared Price now reacting inside key supply / prior distribution zone Structure still reflects lower highs on a higher timeframe Macro Backdrop (Critical Confluence) The current price action is aligning with a fragile macro environment: Inflation remains sticky (~3%+), still above the Fed target Interest rates expected to stay elevated, with some forecasts delaying or removing rate cuts Rising energy prices & geopolitical tensions continue to inject volatility and inflation risk Growth outlook is moderate but slowing, with risks of “stagflation-lite” conditions At the same time: Recent ceasefire headlines triggered short-term bullish relief rallies But analysts warn this optimism may be temporary and fragile What This Means for Price This creates a classic environment where: Short-term bullish moves = liquidity-driven (not structural) Upside lacks sustained macro support Market becomes vulnerable to “failure of continuation” → sharp downside repricing Key Levels to Watch 25k–25.5k → supply/distribution zone 24.5k → first weakness confirmation Below 24k → acceptance lower Targets: 22.7k → 21.7k Outlook With liquidity objectives fulfilled and macro conditions remaining restrictive, The market is likely transitioning from the distribution → potential markdown phase. Update Summary Liquidity has been delivered. Macro does not support sustained upside. Unless price shows clear acceptance above highs, this remains a sell-the-rally environment with downside continuation risk.