NAS100 – Major Rejection from Weekly Supply Zone!

The NASDAQ 100 is showing clear signs of weakness after tagging the strong supply zone near 21,927, an area previously respected as resistance. The market printed a bearish daily close after failing to break above, forming a potential double top pattern just below key resistance.

🔵 Key Zones to Watch:

🔼 Supply Zone: 21,765 – 21,927 (Strong institutional selling pressure)

🔽 Next Target 1: 19,185 (mid-structure support)

🔽 Next Target 2: 16,948 (high-volume demand zone)


📉 Bearish Scenario: If price continues to reject the supply area, we expect momentum to shift bearish targeting the 19,185 zone and possibly 16,948 if major U.S. economic data disappoints.

⚡ Why This Setup Matters:

Market is overstretched, showing distribution signs

Risk-off sentiment growing ahead of major economic reports

Volume profile confirms resistance overhead


🎯 Trading Plan:

Monitor for confirmation (bearish engulfing, breakdown of recent lows)

Short bias below 21,765

Watch for reaction at 19,185 and strong buy interest at 16,948 zone


📊 Let’s hear your thoughts: Will NAS100 hold or is a deeper correction coming? Comment below! ⬇️

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