Liquidity Before Expansion: Why I’m Still Bullish on NASDAQE-mini Nasdaq-100 FuturesCME_MINI_DL:NQ1!kencapfxNASDAQ continues to show structural strength and, as long as fundamentals remain supportive, my overall bias stays bullish in the medium term. That said, I would not be surprised to see a correction before continuation toward new highs. My main areas of interest remain the Pivot Point and the imbalance (IMB) highlighted on the chart, where price could seek efficiency before expanding higher again. One thing many traders forget: markets rarely move in a straight line. Price often sweeps liquidity first, temporarily breaks structure, and creates fear among buyers. That short-term shift in structure causes many traders to flip bearish or close long positions, creating the liquidity institutions need before continuing the bullish move. From a fundamental perspective, the environment still favors technology equities: • Treasury yields have recently shown signs of easing, which is generally positive for growth and tech stocks, especially the NASDAQ, since lower yields reduce pressure on future growth valuations. • Markets continue pricing in the possibility of future monetary policy adjustments, while capital keeps flowing into AI and technology-related sectors. • Despite geopolitical and macroeconomic uncertainty, overall risk appetite remains strong, supporting continued inflows into indexes like the NASDAQ. For now, I continue viewing pullbacks as potential repositioning opportunities rather than signs of a major trend reversal. The key will be watching how price reacts once it reaches discount and liquidity zones.