NAS100 | Bulls Fighting Back! Key Reversal Zones in Play
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SMART MONEY CONCEPT 🌍 Market Sentiment & Economic Factors 📉 NAS100 has been under pressure due to rising Treasury yields and hawkish Fed commentary. However, recent price action suggests buying interest at key demand zones. Investors are closely watching economic data releases this week, including NFP & CPI, which could determine the next big move.
💰 Federal Reserve & Interest Rate Impact The market remains uncertain about the Fed's next rate move. If inflation cools down, expectations of a rate cut will likely boost tech stocks, pushing NAS100 higher. However, stronger data could keep pressure on equities, leading to further downside.
🏦 Tech Sector Strength Big tech earnings have shown resilience, but concerns over valuations persist.
Buyers stepped in aggressively at 20,275.05, leading to a strong rejection and a shift in momentum. A Change of Character (ChoCh) was confirmed, signaling potential trend reversal. 🔹 Resistance & Target Levels:
First Key Resistance: 21,141.25 🏁 Major Supply Zone: 22,113.51 (Break above = strong bullish confirmation 🚀) 🔹 Breakout Scenario:
A break above 21,141.25 would confirm bullish continuation toward 22,113.51. A failure to hold current support could trigger a retest of 20,275.05. 📊 Volume & Liquidity Analysis 🔸 Recent high volume at demand zone suggests institutional interest. 🔸 Liquidity buildup above 21,141.25 could act as a magnet for price.
🔎 Final Thoughts: The market is at a turning point – will bulls maintain control, or is this just a temporary bounce? Keep an eye on key resistance zones and macroeconomic events for confirmation! Drop your thoughts below! 🔥
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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.