US100: Structure Still Rules at 30,341.29Nasdaq 100 IndexPURPLETRADING:US100LIVERMORE333US100: Bullish Momentum vs. Bearish Structure – The 30,341.29 Junction Market Context: Following a Bearish BOS (Break of Structure) from the June highs (30,776.38), US100 has staged a powerful recovery since the recent low (27,048.49). Driven by MSFT earnings and geopolitical headlines, the short-term "flow" (EMAs) has turned bullish with a Golden Cross, and price is currently holding above the 200 EMA (Red). However, I view this move strictly as a "relief rally" until the master structure is reclaimed. Trading Strategy: I prioritize "Structure over Flow." While the momentum is undeniably strong, the overarching downtrend remains intact as long as the primary swing high at 30,341.29 acts as resistance. I am not swayed by minor local spikes like 29,929.64; I am strictly watching this master pivot to determine the market's true intent. Action Plan: Currently staying flat (no position); observing for structural validation. Bullish Confirmation: A clean body break and hold above 30,341.29 would invalidate the bearish retracement thesis, shifting focus toward the previous major peaks (30,681 – 30,776). Structural Rejection: If price fails to reclaim 30,341.29 or begins to consolidate sideways, I will view it as exhaustion. A breakdown back below the EMAs would signal a resumption of the bearish framework toward 28,890.95 and potentially 28,205.46. Bottom Line: Don't mistake a change in momentum for a change in trend. The real test for US100 lies at 30,341.29. I refuse to chase political noise and remain neutral until the "Master Structure" is either broken or confirmed. #US100 #NAS100 #Nasdaq100