NASDAQ ANALYSIS

[jackcole11]

US100 is still holding a bullish structure, but price has started to cool off after taking liquidity above the previous day’s high around 29,755.

We’ve seen a push into the 29,850–29,900 area, followed by a pullback. For me, 29,755 is the key level to watch now. If buyers defend this area and price starts pushing back up, we could see another move toward 29,850 → 29,950 → 30,000.

If 29,755 breaks with a strong H1 close, I’d expect a deeper retracement toward 29,640, with 29,505 as the next area of interest.

Overall, the structure remains bullish, but I’d rather wait for confirmation around the key levels than chase price after the liquidity sweep.

 

[jackcole11]

US100 is still holding a bullish structure, but price has started to cool off after taking liquidity above the previous day’s high around 29,755.

We’ve seen a push into the 29,850–29,900 area, followed by a pullback. For me, 29,755 is the key level to watch now. If buyers defend this area and price starts pushing back up, we could see another move toward 29,850 → 29,950 → 30,000.

If 29,755 breaks with a strong H1 close, I’d expect a deeper retracement toward 29,640, with 29,505 as the next area of interest.

Overall, the structure remains bullish, but I’d rather wait for confirmation around the key levels than chase price after the liquidity sweep.

US100 - Market Structure Update

Following the previous analysis, US100 has maintained its higher-low structure and continues to trade above the ascending trendline. Price is currently consolidating beneath the previous session high at 29,892.6, leaving that level as the immediate liquidity reference.

A sustained break and acceptance above 29,892-29,900 would strengthen the upside continuation case and expose higher liquidity levels.

On the downside, 29,516 remains the key structural reference. A decisive break below this area, particularly with follow-through, would weaken the current bullish structure and increase the probability of a deeper retracement.

Current bias: constructive while above 29,516.