NASDAQ 100 – Bullish Recovery Toward Key Resistance

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NASDAQ 100 – Bullish Recovery Toward Key ResistanceUS Tech 100CAPITALCOM:NAS100OneTwoMarketNASDAQ is attempting to recover after reacting from the 29,280–29,350 intraday support area. Price is currently trading near 29,385, where buyers are trying to regain short-term control. Bullish Scenario If price holds above 29,300 and confirms renewed buying momentum, we may see a continuation toward: First target: 29,500 Main target: 29,647 Key resistance zone: 29,647–29,700 The upper zone previously acted as support before the bearish breakdown, so it may now become an important resistance area. Bearish Invalidation If price fails to hold above 29,300, we could see another decline toward the major demand zone around 29,050–29,160. A confirmed break below 29,050 would invalidate the bullish setup and indicate that sellers remain in control. We will wait for confirmation before considering the long scenario, as the current market structure remains volatile.