NAS100 Rejected at Key Supply Zone | Pullback in Play?The NASDAQ 100 (NAS100) just tapped into a strong supply zone around 20,000 – 20,100 and is showing signs of rejection. Price is currently at 20,007, down -0.45%, and struggling to hold above the demand turned resistance.
Chart Highlights:
Supply Zone: 20,000 – 20,100 (visible rejection area).
Key Support Levels:
19,852 – immediate structure level.
18,846 – breakout origin, potential demand zone.
17,673 – major volume and demand cluster (orange zone).
Bearish Bias:
If price loses 19,852, we could see a drop toward 18,846.
Failure there opens the path for a deeper correction to 17,673, where buyers are likely to step in.
Bullish Trigger:
A clean break and close above 20,100 would flip the script and suggest continuation of the bullish rally.
Volatility Warning:
Upcoming U.S. economic data could cause sharp moves (see calendar icon on chart). Be cautious and reactive.
Trade Setup: Watch for short opportunities below 19,852 with stops above supply and targets near the marked supports.
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Is NAS100 gearing up for a dip or breaking out soon? Drop your forecast in the comments!
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