NASDAQ 100 at Heavy Supply – Time to Sell the Top?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.
---
📌 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.
