📌 Tech Stocks Facing Pressure – Oversold Bounce?
🔸 The Nasdaq 100 has been in a strong downtrend, but price is now testing a major demand zone at 20,200 - 20,500.
🔸 Weakness has been driven by:
✅ Rising bond yields hurting growth stocks.
✅ Profit-taking after extended rallies in AI & tech.
✅ FOMC rate outlook uncertainty creating volatility.
💡 Upcoming Catalysts
🔹 The NFP report & Powell's speech will be crucial for short-term direction.
🔹 If inflation data remains high, rate cut expectations could be delayed → bearish for NAS100.
🔹 However, if bond yields cool off, tech stocks could see a strong relief rally.
🔍 Technical Analysis (1H Timeframe)
🚀 Key Levels & Market Structure
🔹 Demand Zone: $20,200 - $20,500 (Strong support)
🔹 Resistance Levels:
🔸 $21,126 – First upside target.
🔸 $21,901 – Major supply zone (potential reversal area).
📊 Possible Bullish Reversal Setup
📌 Price is testing a high-probability demand zone, suggesting buyer interest.
📌 If price breaks above $20,512, we could see a rally toward $21,126 & $21,900.
📌 Bullish confirmation if price closes above $20,600.
📈 Trade Plan
✅ Bullish Scenario
Buy near support if price shows rejection.
Target 1: $21,126
Target 2: $21,901
Invalidation: If price breaks below $20,200.
❌ Bearish Alternative
If price fails to hold above $20,200, expect a deeper correction.
🔥 Final Thoughts:
Nasdaq is at a critical support level – will bulls step in, or will sellers dominate? Comment below with your bias! 📉📈
🔸 The Nasdaq 100 has been in a strong downtrend, but price is now testing a major demand zone at 20,200 - 20,500.
🔸 Weakness has been driven by:
✅ Rising bond yields hurting growth stocks.
✅ Profit-taking after extended rallies in AI & tech.
✅ FOMC rate outlook uncertainty creating volatility.
💡 Upcoming Catalysts
🔹 The NFP report & Powell's speech will be crucial for short-term direction.
🔹 If inflation data remains high, rate cut expectations could be delayed → bearish for NAS100.
🔹 However, if bond yields cool off, tech stocks could see a strong relief rally.
🔍 Technical Analysis (1H Timeframe)
🚀 Key Levels & Market Structure
🔹 Demand Zone: $20,200 - $20,500 (Strong support)
🔹 Resistance Levels:
🔸 $21,126 – First upside target.
🔸 $21,901 – Major supply zone (potential reversal area).
📊 Possible Bullish Reversal Setup
📌 Price is testing a high-probability demand zone, suggesting buyer interest.
📌 If price breaks above $20,512, we could see a rally toward $21,126 & $21,900.
📌 Bullish confirmation if price closes above $20,600.
📈 Trade Plan
✅ Bullish Scenario
Buy near support if price shows rejection.
Target 1: $21,126
Target 2: $21,901
Invalidation: If price breaks below $20,200.
❌ Bearish Alternative
If price fails to hold above $20,200, expect a deeper correction.
🔥 Final Thoughts:
Nasdaq is at a critical support level – will bulls step in, or will sellers dominate? Comment below with your bias! 📉📈
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✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.