Nasdaq 100 Hits Fresh Highs — Breakout or Exhaustion?NASDAQ-100 IndexNASDAQ_DLY:NDXYong726Market Structure The Nasdaq 100 remains firmly in a short-term bullish structure on the 4-hour chart. After breaking above the previous consolidation range, buyers continued to print higher highs and higher lows, pushing the index to fresh swing highs. Although momentum remains positive, price is now trading near an area where profit-taking could temporarily increase after the recent rally. Market Sentiment - Bullish Market sentiment remains bullish. Strong buying pressure continues to dominate the market, supported by positive momentum and a series of higher highs. However, after an extended advance, traders should also be aware of the possibility of short-term consolidation before the next directional move. Bullish Scenario If the Nasdaq 100 holds above 31,000 and successfully breaks above 31,300, buyers could extend the rally toward the next resistance around 31,500. A sustained breakout above that level would reinforce the current bullish trend and open the door for additional upside. Bearish Scenario If price falls below 31,000, short-term profit-taking could accelerate and trigger a pullback toward the next support around 30,600. A decisive break below that level would suggest bullish momentum is weakening and a deeper correction may follow. ──────────────────── Market Outlook The Nasdaq 100 continues to outperform after a strong breakout from consolidation. Buyers remain firmly in control, but with price approaching new highs, volatility could increase as both bulls and profit-takers become more active. Holding above key support would keep the broader bullish outlook intact. ──────────────────── Key Levels First Resistance: 31,300 Second Resistance: 31,500 First Support: 31,000 Second Support: 30,600 ──────────────────── Future Scenarios A sustained move above the First Resistance would indicate buyers remain in full control and could drive the index toward the Second Resistance. However, if price breaks below the First Support, short-term selling pressure may increase and expose the Second Support. ──────────────────── Event Risk The Nasdaq 100 may remain sensitive to upcoming U.S. economic data, Federal Reserve commentary, Treasury yield movements, corporate earnings expectations, and overall risk sentiment. However, price action remains the key indicator. If bullish news cannot push the index above the First Resistance, upside momentum may begin to slow. Conversely, if the Nasdaq 100 continues holding above the First Support despite market uncertainty, it would suggest buyers remain firmly in control. ──────────────────── Please share your view below: Do you expect the Nasdaq 100 to continue making new highs, or is a healthy pullback becoming more likely from current levels? More market structure and key level updates will be shared regularly.