26.07.30 Nasdaq AnalysisNAS100 CashVANTAGE:NAS100JELLO_XNasdaq Analysis — July 30 Hello, this is Acid Trading. Let's walk through the Nasdaq setup for July 30th. Daily chart above. Nasdaq sold off sharply following the rate decision, tagging 27,084 before finding buyers, and is currently rebounding roughly 1.6% off that low. Looking at the green box on the left, price has now entered - and pushed through - the supply zone we've been tracking. That said, this shouldn't be treated as a confirmed reclaim just yet, since the daily candle hasn't closed. A settlement above 27,426 would meaningfully increase the odds of this bounce extending further as a corrective retracement. That green box supply zone spans 27,426 to 26,898. For this move to develop into a genuine trend reversal rather than a corrective bounce, Nasdaq needs to reclaim 28,231. Until that level is taken out, any strength here should be treated as relief within the broader downtrend - not a change of trend. 15-minute chart above. Nasdaq is extending its bounce through the Asian session. At this stage, there's no clean long entry visible on this timeframe - buyers are better served waiting for a break of the resistance trendline before engaging. The zone I'd consider for entries is marked in yellow. 28,126 stands out as the key inflection point here, marking the top of the orange supply zone. A clean break above it would carry real significance for the bounce continuing. On the sell side, a break of the rising trendline combined with a move below 27,353 is the setup I'd favor for downside continuation. Should 27,000 give way, that opens the door for price to revisit the lower boundary of the daily green box at 26,898.