The US100 (NASDAQ) has entered a strong supply zone near 21,800, and history suggests this is no time to get greedy…
🧠 Key Observations:
Price is now inside a critical resistance area marked by LuxAlgo’s Supply & Demand indicator.
We've had multiple rejections at this level going back to March.
Momentum is slowing even as price pushes higher — divergence alert 🚨
📉 Potential Drop Zones:
21,765 = immediate resistance-turned-support to watch
19,185 = former consolidation + breakout base (likely bounce zone)
16,948 = demand cluster where bulls are likely to reload
📆 Timing Is Key:
With macro catalysts (⚡🌍📰) scheduled in the coming week — including inflation and Fed signals — volatility could spike and force a sharp move down if sellers take control.
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📌 My Setup:
If price fails to break and hold above 21,800, I’m watching for bearish confirmation to short, targeting 19,185 short-term and 16,948 mid-term.
---
💬 What’s your take on NASDAQ?
Do you trust this breakout or is it just another bull trap?
👉 Comment below, leave a ❤️ if this helped, and follow for more chart breakdowns.
🧠 Key Observations:
Price is now inside a critical resistance area marked by LuxAlgo’s Supply & Demand indicator.
We've had multiple rejections at this level going back to March.
Momentum is slowing even as price pushes higher — divergence alert 🚨
📉 Potential Drop Zones:
21,765 = immediate resistance-turned-support to watch
19,185 = former consolidation + breakout base (likely bounce zone)
16,948 = demand cluster where bulls are likely to reload
📆 Timing Is Key:
With macro catalysts (⚡🌍📰) scheduled in the coming week — including inflation and Fed signals — volatility could spike and force a sharp move down if sellers take control.
---
📌 My Setup:
If price fails to break and hold above 21,800, I’m watching for bearish confirmation to short, targeting 19,185 short-term and 16,948 mid-term.
---
💬 What’s your take on NASDAQ?
Do you trust this breakout or is it just another bull trap?
👉 Comment below, leave a ❤️ if this helped, and follow for more chart breakdowns.
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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.