US NAS100 — Weekly OutlookUS Nas 100OANDA:NAS100USDTriple7CapitalUS NAS100 — Weekly Outlook | 4H Structure 🗓️ The Nasdaq 100 is consolidating near key resistance after recovering strongly from its April lows. Price is now showing a two-step setup — a brief push higher before a meaningful corrective move plays out. 📌 Key Levels: 🔺 Relief Push — 29,780 🔻 Pullback Target — 28,952 🔺 Broader Trend — ascending channel support holding 📐 Structure: Price is trading within a rising channel and is currently attempting one more push toward the 29,780 resistance zone. However, the structure signals that this move will be short-lived — a sharp rejection is expected from that level, sending price back down toward 28,952 where the ascending channel support and a key horizontal level converge. A clean hold of 28,952 keeps the broader bullish structure intact for continuation higher. ⚠️ Macro This Week: NVIDIA's earnings report, released after the market close on May 20, remains the key catalyst for tech sentiment heading into this week. Any forward guidance from Nvidia will heavily influence Nasdaq direction. Additionally, US Q1 GDP data (May 28) and Jobless Claims are the macro data points that will determine risk appetite. The S&P 500 notched its eighth winning week on May 21 — momentum is still constructive but the index needs fresh catalysts to push through resistance. Yahoo FinanceInvesting.com 📖 Educational analysis only. Not financial advice.