Nasdaq 100 — Can Buyers Prevent a Deeper Pullback?NASDAQ 100 IndexNASDAQ_DLY:NDXYong726Market Structure The Nasdaq 100 remains in a broad consolidation after failing to sustain its recent recovery. Price continues to trade below the major swing high and is forming lower highs in the short term, indicating that bullish momentum has weakened. However, the index is approaching an important demand zone where buyers may attempt to stabilize the market before another directional move develops. Market Sentiment - Neutral to Slightly Bearish Market sentiment has become more cautious as buyers lose momentum near resistance. Sellers currently have a slight short-term advantage, although no confirmed medium-term bearish trend has emerged yet. Bullish Scenario If buyers successfully defend the first support and reclaim the first resistance, the current pullback could develop into a higher low, opening the way toward the second resistance and restoring bullish momentum. Bearish Scenario If price breaks below the first support, selling pressure may accelerate toward the second support. A decisive breakdown would increase the probability of a broader corrective phase. ──────────────────── Market Outlook The Nasdaq 100 is currently correcting within a broader range rather than establishing a confirmed downtrend. The next meaningful move will likely depend on whether buyers can defend support and regain control above nearby resistance. ──────────────────── Key Levels First Resistance 29,500 Second Resistance 30,350 First Support 29,000 Second Support 28,500 ──────────────────── Future Scenarios A sustained break above 29,500 would suggest buyers are regaining control and could trigger a move toward 30,350, reinforcing the broader recovery structure. However, if price falls below 29,000, downside momentum may strengthen toward 28,500, increasing the likelihood of a deeper correction. ──────────────────── Event Risk The Nasdaq 100 remains highly sensitive to macroeconomic data and Federal Reserve policy expectations. Investors continue to monitor inflation reports, labor-market data, Treasury yields, corporate earnings, AI-related investment trends, and guidance from major technology companies. Because the index has a heavy concentration of large-cap technology stocks, earnings and forward guidance from leading AI companies remain important market catalysts. The next confirmed major macro event is the Federal Reserve meeting on September 15–16, 2026. Any change in interest-rate expectations could significantly affect equity valuations and overall risk sentiment. Ultimately, market reaction matters more than the headlines themselves. If positive news cannot push the Nasdaq 100 above 29,500–30,350, bullish expectations may already be priced in. Conversely, if negative news fails to break 29,000–28,500, buyers may continue defending the broader consolidation structure. ──────────────────── Please share your view below: Do you expect the Nasdaq 100 to reclaim 30,350 and resume its broader recovery, or will sellers extend the current correction toward lower support? More market structure and key level updates will be shared regularly.