NASDAQ UPDATE - Key levels and Potential TargetsUS Tech 100TRADENATIONSB:USTECKwaggaRobertseUSTEC (Nasdaq 100) – 2H Chart Current price: 28421 Slight Shift in Volume Profile - Key Levels: - Volume Resistance / OTE - Key FVG: 28,688 - BSL: 28,603 - Key Liquidity to sweep - Volume POC: 28,435 - FVG (Downside Target): 27,500 - Volume Support: 27,267 The Plan: - Price has rallied hard off the swing low and is now stalling right below - The OTE / Key FVG resistance zone - This looks like an extended W shape pattern completing into that key FVG - A rejection here opens the door for price to fill the FVG below, back toward 27,500 - If price instead breaks and holds above 28,688, the bearish scenario is invalidated Fundamentals to Watch: - Tech and AI-related names have been volatile, with July marked by a sharp pullback - Tied to AI capital-spending concerns rather than weaker demand - The Fed's decision to hold rates steady briefly triggered a selloff - Before stocks bounced back strongly - Big tech earnings (Microsoft, semiconductors) have been a key swing factor either way - Net effect: momentum has recently favoured the bulls, - But valuation and rate concerns keep both scenarios on the table Bottom Line: Watch the 28,603–28,688 zone closely. Rejection here completes the W and points back down to the FVG at 27,500. A clean break above flips the picture bullish. Kwagga