NASDAQ BULLUS Tech 100 IndexPEPPERSTONE:NAS100TheQuantRoomTechnical bias: Bullish, but confirmation is key. The chart shows a strong sell-side move into the 31,000–31,045 BUY ZONE, which is exactly where I would look for a liquidity sweep and reversal. 🔹 Technical analysis - 31,000–31,045: Major demand / buy zone. Price has aggressively sold into this area, creating a potential sell-side liquidity sweep. - The key bullish confirmation would be a reclaim above 31,045–31,070, followed by a higher low. - 31,156: First important resistance and initial upside target. - 31,200–31,230: Next resistance / imbalance area. - 31,300: Major intraday objective. - 31,337–31,360: Higher Fibonacci resistance zone and potential final target. The ideal scenario is therefore: Liquidity sweep below ~31,000 → strong rejection → reclaim 31,045/31,070 → continuation higher. A sustained move back above 31,156 would significantly strengthen the bullish structure. 🏦 Fundamental backdrop The broader fundamental picture is still supportive for Nasdaq from the AI/earnings side. Nasdaq recently reached record highs as AI optimism continued to drive technology stocks, with Nvidia approaching a $6T valuation. Markets are also expecting a strong Q3 earnings season, with consensus estimates pointing toward roughly 30% YoY S&P 500 earnings growth. Reuters There is, however, an important counterweight: Treasury yields and oil prices are currently rising. The 10-year yield is around 5.3%, while the 30-year yield has reached levels not seen since 2002. Higher yields generally put pressure on high-duration technology stocks such as Nasdaq. Reuters The market is also waiting for the Fed's September meeting minutes, which could create significant volatility and determine whether this dip becomes a genuine reversal or another leg lower. Reuters 🎯 Bullish roadmap BUY ZONE: 31,000–31,045 Confirmation: reclaim 31,045–31,070 TP1: 31,156 TP2: 31,200–31,230 TP3: 31,300 TP4: 31,337–31,360 Invalidation: A clean breakdown and acceptance below 31,000 would weaken the bullish thesis and expose lower liquidity. My read: 🟢 Bullish reversal setup, provided 31,000 holds and price gives a clean reclaim. The fundamental backdrop favors buying a confirmed dip, but elevated Treasury yields and oil mean I would wait for confirmation rather than blindly catch the falling knife.