Nasdaq Faces Inflation Concerns!Nasdaq 100 SPOTCFI:US100CFIThe Nasdaq Index is currently trading within a pivotal price zone that could serve as the starting point for a significant move in the coming sessions. But what could trigger such a move, and what technical and fundamental factors support this scenario? Let's take a look at the key observations on the chart: 1- The Nasdaq continues to trade sideways but remains below the key resistance level around 29,850. 2- On the downside, a strong support zone has formed near 29,100, which has successfully contained selling pressure in recent sessions. 3- In addition, the 200-period moving average is positioned close to the 29,850 resistance area, reinforcing its importance as a major technical barrier. On the fundamental side, U.S. President Donald Trump announced his intention to impose a 20% tariff on shipping traffic through the Strait of Hormuz, a measure that could increase global energy transportation and trade costs if implemented. At the same time, markets are awaiting the release of the U.S. inflation data, while expectations continue to shift toward interest rates remaining higher for longer. Together, these factors could trigger heightened volatility and stronger price movements across financial markets. Will the Nasdaq break above the 29,850 resistance level, or will it fall below the 29,100 support level?