USNAS100 | Consolidation Continues Below Key ResistanceUS Nas 100OANDA:NAS100USDSroshMayiThe latest rally has boosted optimism across equity markets, but credit markets continue to signal caution. According to Barclays, options markets reveal a growing divergence between equity and bond investors, with stock traders maintaining a bullish outlook while credit investors remain more defensive. As inflation concerns begin to ease, attention is shifting toward whether the recent rally has enough momentum to push the NAS100USD to fresh highs or whether a deeper correction is about to begin. The Nasdaq continues to trade within the same consolidation range we highlighted yesterday, with price action remaining trapped between 29530 and 29980. The market is now approaching a key decision point, where a breakout is likely to determine the next directional move. Technically The price is expected to retest the 29980 resistance level. A 1H candle close above 29980 would confirm bullish continuation toward 30320, followed by 30700. However, as long as the market remains below 29880, the bearish scenario stays valid. A break below 29540 would confirm the next bearish leg toward 29215, followed by 28860. Support: 29540 – 29215 – 28860 Resistance: 29980 – 30320 – 30700