US100 4H: Strong Bullish Structure, Watching for Cooling PullbacNasdaq 100 IndexPURPLETRADING:US100LIVERMORE333US100 4H Weekend Analysis 1. Current Status: Dominant Uptrend After an 11% Surge Bullish structure confirmed: Golden crosses of EMA20/50 occurred on the 4H (Aug 4) and daily (Aug 7). On Aug 13, price broke above the key resistance at 29,855.07, completing a Bullish BOS. Both trend and structure remain firmly bullish. Signs of overheating: From the July 30 low, the index has already surged more than 11% in a near-vertical move. The divergence from the moving averages indicates clear overbought conditions. Near-term resistance: Price is currently pausing just below the next significant resistance at 30,341.29. This level is acting as a short-term ceiling. 2. Strategy & Action: Short-term Pullback Short Against Overheating The higher-timeframe bias remains long. However, after the BOS and the sharp rally, the market is due for a cooling period. I am looking to build short positions with 30,341.29 as the reference resistance. Invalidation: A decisive close above 30,341.29 would trigger an immediate exit. Given Nasdaq’s volatility, a buffer of several dozen points above the level will be used to avoid stop-hunts from wicks. Profit targets: 29,855.07 — previous resistance, key role-reversal candidate EMA50 (green) — intermediate pullback zone EMA200 (red) — longer-term mean-reversion target 3. Conclusion: 29,855.07 as the Key Decision Level As long as 29,855.07 holds on a closing basis, the strong pullback-buying structure remains intact. A clear break below this level would increase the likelihood of accelerating corrective pressure across related indices (JP225 and US500). Nasdaq’s early signs of stalling, combined with VIX at yearly lows, create a reasonable environment to consider short-term fade setups. Correlation with JP225 will be monitored closely. The key price action zone for the coming week is 30,341.29 – 29,855.07. The approach remains the same: avoid chasing strength and only act on confirmed pullback opportunities. #US100 #Nasdaq100