Nasdaq 100 Pulls Back From the Upper RangeNASDAQ 100 IndexNASDAQ_DLY:NDXYong726Nasdaq 100 Pulls Back From the Upper Range — Healthy Correction or Momentum Shift? Nasdaq 100 remains in a broader bullish structure on the 4H chart, but the latest price action shows clear hesitation near the upper range. After a strong recovery from the 23,000 area, the index climbed steadily and reached the 30,500–30,800 zone. Since then, price has struggled to extend higher and is now trading back near 29,300, suggesting that short-term profit-taking is entering the market. From a market structure perspective, the Nasdaq 100 is still bullish overall, but short-term momentum has weakened. The broader recovery created higher highs and higher lows, showing that buyers were in control. However, the recent rejection from the 30,000–30,800 area and the pullback toward 29,000 indicate that the market is now in a short-term decision zone. The first key resistance zone to watch is around 29,800–30,200. This is the nearest reaction area where sellers may try to defend the rebound. If buyers can break and hold above this zone, the Nasdaq 100 may retest the 30,500–30,800 area. A stronger breakout above 30,800 would confirm bullish continuation and could open the door toward 31,500–32,000. On the downside, the first key support zone is around 29,000–28,600. This is the current short-term demand area and the zone buyers need to defend to keep the recovery structure intact. If price breaks below 28,600, correction pressure may increase, and the next support zone to watch is around 28,000–27,500. For the bullish scenario, the Nasdaq 100 needs to hold above 29,000–28,600 and break above 29,800–30,200 with confirmation. If this happens, buyers may push the index back toward 30,500–30,800. A sustained move above 30,800 would strengthen the bullish outlook and confirm that upside momentum is returning. For the bearish scenario, rejection from 29,800–30,200 would suggest that sellers are still defending the upper range. If the price then breaks below 28,600, the Nasdaq 100 may move lower toward 28,000–27,500. A deeper break below 27,500 would weaken the current bullish structure and suggest a broader correction phase. Market sentiment remains cautiously bullish. The broader trend still favors buyers, but the recent pullback shows that momentum is no longer one-sided. Right now, confirmation matters more than prediction: above 30,200, recovery momentum may improve; below 28,600, correction pressure may increase. What do you think? Will Nasdaq 100 defend the 29,000–28,600 support zone and retest 30,500–30,800? Or will sellers push the index below 28,600 and open the way toward 28,000? Please share your view below.