NASDAQ 100 - Will Buyers Defend the Uptrend?NASDAQ 100 IndexNASDAQ_DLY:NDXYong726Market Sentiment Moderately Bullish: Momentum has cooled after the recent advance, but the overall sentiment remains constructive as long as key support continues to hold. ──────────────────── Market Outlook The current decline looks more like profit-taking following the recent rally than the beginning of a major bearish reversal. Price is approaching an area where buyers may become active again. The next move will largely depend on whether support can absorb the current selling pressure. ──────────────────── Key Levels First Resistance 29,500 Second Resistance 29,950 First Support 29,150 Second Support 28,850 ──────────────────── Future Scenarios A sustained move above the first resistance would confirm renewed buying interest and could trigger another leg higher toward the second resistance. Conversely, losing the first support would suggest that the correction is extending, exposing the second support as the next downside objective. ──────────────────── Please share your view below: Do you expect this pullback to become a buying opportunity, or is the Nasdaq 100 preparing for a deeper correction? More market structure and key level updates will be shared regularly.