Nasdaq 100 Tests a Critical Support ZoneNASDAQ 100 IndexNASDAQ_DLY:NDXYong726Market Structure The Nasdaq 100 remains in a broader bullish trend, but the short-term structure has shifted into consolidation with a cautious bearish bias. The larger rally has not yet been fully invalidated, but buyers are losing momentum below the recent highs. Repeated failures to reclaim the upper part of the range suggest that sellers are becoming more active. As long as the index holds above the major support structure, the broader bullish trend remains valid. A confirmed breakdown below support would weaken the recovery more significantly. Key Resistance Zone First resistance: 29,000–29,300 This is the nearest short-term resistance area, and the first level buyers need to reclaim. A confirmed move above this zone would reduce immediate downside pressure and improve the chances of another recovery attempt. Second resistance: 29,600–30,000 This area has produced several recent rejections and remains the main supply zone inside the current consolidation. Price needs to break and hold above this region before bullish momentum can become more convincing. Major resistance: 30,300–30,600 This is the recent swing-high area and the most important breakout zone on the current chart. A sustained move above 30,600 would confirm a fresh higher high and restore the broader bullish continuation structure. Key Support Zone First support: 28,400–28,650 This is the nearest and most important short-term support zone. Price is currently testing this area, and a strong reaction from buyers could keep the index inside the existing consolidation range. Second support: 27,900–28,100 This area marks a deeper structural support and the lower boundary of the recent trading range. A break below this zone would suggest that the correction is becoming more serious. Major support: 27,300–27,600 This is the next major support area from the previous bullish leg. If the price falls below this region, the broader recovery structure would begin to weaken more clearly. Market Sentiment Market sentiment is currently neutral to cautiously bearish. The broader trend still reflects the strong recovery from the April low, but repeated failures near the highs and the latest decline show that buyers are no longer in full control. Above 29,300, short-term recovery momentum may improve. Below 28,400, bearish pressure may increase. Please share your view below: Will the Nasdaq 100 defend the 28,400–28,650 support zone and recover toward 30,000? Or will sellers break the current support and push the index toward 28,000 or lower? More market structure and key level updates will be shared regularly.