Nasdaq 100 Tests the Highs AgainNASDAQ 100 IndexNASDAQ_DLY:NDXYong726Nasdaq 100 Tests the Highs Again — Breakout Continuation or Short-Term Exhaustion? Nasdaq 100 remains in a strong bullish structure on the 4H chart. After the powerful rally from the April low, price has continued to form higher highs and higher lows, showing that buyers are still controlling the broader trend. The recent pullback toward the 28,500–29,000 area was quickly absorbed, and the index has now recovered back near the previous high around 30,500. From a market structure perspective, the trend is still bullish, but price is now trading close to a key reaction zone. This means the market is no longer in a low-risk buying area. Buyers have momentum, but the next move depends on whether Nasdaq can break above the recent high or whether sellers defend the upper zone and trigger another pullback. The first key resistance area is around 30,500–30,800. This is where price recently reacted and where sellers may step in again. If Nasdaq breaks and holds above this zone, bullish momentum could extend toward 31,200 and possibly 31,500. The main support area sits around 29,500–29,800. This zone may act as the first pullback support if price fails to break higher. Below that, the stronger support area is around 28,500–29,000, where buyers previously stepped in aggressively. For the bullish scenario, Nasdaq needs to hold above 29,500 and break above 30,800 with confirmation. If price can stay above the previous high, the trend may continue toward 31,200–31,500. A clean breakout would suggest that buyers are still willing to chase strength. For the bearish scenario, rejection from 30,500–30,800 would signal short-term exhaustion. If price then breaks below 29,500, the index may enter a corrective phase toward 29,000 and 28,500. A deeper break below 28,500 would weaken the current bullish structure. Market sentiment remains bullish, but slightly cautious near resistance. The trend is strong, yet price is already near the upper reaction zone, so chasing without confirmation carries higher risk. A breakout above 30,800 would keep bulls in control, while rejection from this area could lead to a healthy pullback. Right now, confirmation matters more than prediction. What do you think? Will Nasdaq 100 break above 30,800 and continue toward 31,500? Or will sellers defend the highs and push the index back toward 29,500? Share your view below — breakout continuation or short-term pullback?