US100 / NAS100: Major Support Smashed! Is a Deeper Correction InUS100SKILLING:US100FxBrokerSignalsHello Trder, We are witnessing an aggressive shift in market structure on the US100 (Nasdaq 100). After a strong bullish run through May, the bears have stepped into the driver's seat with massive volume and momentum, completely breaking down key structural levels. 🔍 Technical Breakdown: The Double Top & Breakdown: After struggling to sustain gains and forming a clear top configuration around the 30,700 level, the index began to roll over. ▪️Key Levels Broken: The sellers easily sliced through the minor support at 30,200. More importantly, the current price action shows an aggressive, impulsive red candle that has cleared the major daily support shelf at 29,700. ▪️Market Structure Shift: Breaking below 29,700 shifts the short-term bias firmly to bearish. The previous higher-low sequence has been invalidated, leaving a substantial liquidity gap below. ▪️The Downside Target: With no major structural support left in the immediate vicinity, the path of least resistance points directly toward the next major demand zone resting around 28,700 - 28,750, which heavily rejected sellers back in mid-May. 🎯 Trading Strategy: Market Bias: Strongly Bearish. Execution Plans: ▪️The Pullback Setup (Recommended): Look for an intraday pull-back or retest of the newly broken 29,700 level (former support turning into strong resistance) to hunt for high-probability short entries. ▪️Momentum Continuation: If daily candles continue to close below 29,400 with high volume, a direct continuation move down is highly likely. ▪️Take Profit (TP): 28,750 (Major Daily Support Shelf). ▪️Stop Loss (SL): Invalidation for this bearish momentum setup lies back above the 30,100 region or above the broken structure high to maintain a healthy risk-to-reward ratio. ▪️What’s your take? Do you see tech bouncing back from here, or is this the start of a much larger market correction heading into mid-June? Drop your thoughts, targets, and analysis in the comments below! 👇 ▪️If you appreciate this clear breakdown, don't forget to hit the Boost button 🚀 and Follow for more high-probability setups! Disclaimer: This post is for educational purposes only and does not serve as financial advice. Trade responsibly and always protect your capital.