NAS100 - Waiting for the Breakout

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NAS100 - Waiting for the BreakoutUS Tech (NDQ) / US DollarEASYMARKETS:NDQUSDeasyMarketsNAS100 has recovered strongly from the 27,400 area, but the momentum has stalled as price approaches the psychological 30,000 level. The index is currently trading within a defined range, with buyers defending 29,500–29,650 while sellers remain active around 29,900–30,000. A confirmed break above 30,000 would strengthen the bullish case and potentially expose 30,400–30,600. Conversely, a sustained break below 29,500 could weaken the recovery and bring 29,200 and potentially 28,600–28,800 into focus. Fundamentally, the Nasdaq remains particularly sensitive to US interest-rate expectations because higher yields can place pressure on growth and technology valuations. Today's CPI therefore represents a significant potential catalyst. A softer inflation reading could support rate-sensitive technology stocks, while a hotter print could increase yield pressure. Key levels: Support: 29,500–29,650 / 29,200–29,350 Resistance: 29,900–30,000 / 30,400–30,600 Bias: NEUTRAL - bullish above 30,000; bearish below 29,500. This Article is for informational and educational purposes only and does not constitute investment advice. It does not consider the financial situation, needs, or objectives of any specific individual. Any reference to past performance is not a reliable indicator of future results. Risk Warning: 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please refer to our full risk disclaimer on our website