NAS100 showing signs of exhaustion after an aggressive bullish US 100 IndexFX:NAS100FrankAgbo Price is currently reacting near the upper resistance zone while trading far above the major support area around 27,500. The steep bullish trendline has supported the move for weeks, but momentum is beginning to slow as sellers step into the market. This setup suggests a possible corrective move before continuation. 🔍 What stands out: • Extended rally creating overbought conditions • Weak rejection forming near highs • Price struggling to hold above trendline support • Potential liquidity sweep before a deeper retracement 📉 Bearish scenario: • Rejection from current resistance • Breakdown below short-term structure • Target around 27,500 support zone 📈 Invalidation: • Strong breakout above 30,300 would cancel the bearish idea and favor continuation higher For now, NAS100 looks vulnerable to a pullback as buyers begin losing momentum near resistance. 👀 #NAS100 #NASDAQ #US100 #TradingView #Forex #Indices #PriceAction #TechnicalAnalysis #SmartMoney #DayTrading