Nasdaq100 — Can Bulls Break Higher or Will Sellers Take Control?NASDAQ 100 IndexNASDAQ_DLY:NDXYong726Market Structure The Nasdaq 100 remains in a broader bullish structure despite the recent consolidation. After recovering sharply from the previous correction, price continues to trade above higher support levels while facing resistance around the recent swing highs. The current move appears to be a healthy pause rather than a confirmed trend reversal. Market Sentiment - Moderately Bullish Market sentiment remains cautiously bullish. Buyers continue defending higher lows, although upside momentum has slowed as price approaches an important resistance zone. Bullish Scenario If buyers successfully break and hold above 29,650, bullish momentum could strengthen toward 30,050. A decisive breakout above 30,050 would confirm continuation of the broader uptrend and could open the door toward fresh highs. Bearish Scenario If price fails to reclaim 29,650 and selling pressure increases, the Nasdaq 100 could revisit support around 29,200. A break below this level would expose 28,900 and suggest that a deeper pullback is developing. ──────────────────── Market Outlook The Nasdaq 100 continues to consolidate after its strong recovery. While buyers still control the broader trend, price is approaching an important decision area where the next directional move is likely to emerge. ──────────────────── Key Levels First Resistance 29,650 Second Resistance 30,050 First Support 29,200 Second Support 28,900 ──────────────────── Future Scenarios A sustained move above 29,650 would signal renewed buying strength and could drive price toward 30,050. A successful breakout above that level would reinforce the long-term bullish trend. On the other hand, if price loses 29,200, short-term selling pressure may increase, with the next downside target near 28,900 before buyers attempt another recovery. ──────────────────── Event Risk The Nasdaq 100 remains highly sensitive to both macroeconomic data and major technology sector developments. Traders will closely monitor Federal Reserve policy expectations, U.S. inflation and employment data, Treasury yields, AI-related news, earnings guidance from major technology companies, and overall market risk sentiment. These events could trigger increased volatility over the coming sessions. Ultimately, price action remains the best confirmation. If positive news cannot push the index above 29,650–30,050, upside momentum may remain limited. Conversely, if negative news fails to break 29,200–28,900, buyers may continue defending the broader uptrend. ──────────────────── Please share your view below: Do you expect the Nasdaq 100 to break above resistance and continue its bullish trend, or will another correction develop before the next rally? More market structure and key level updates will be shared regularly.