NASDAQ has faced rejection from the 30,600–30,715 supply zone, followed by a decisive downside move through the previous-day low at 30,402.
The break has weakened the short-term structure, with 30,402 now acting as the key recovery reference. As long as price remains below this level, the downside structure remains intact.
A sustained reclaim of 30,402 would weaken the bearish setup, while continued acceptance below it would keep downside pressure in focus.
Market Sentiment: Bearish
Key Resistance: 30,402
Major Supply: 30,600-30,715
The break has weakened the short-term structure, with 30,402 now acting as the key recovery reference. As long as price remains below this level, the downside structure remains intact.
A sustained reclaim of 30,402 would weaken the bearish setup, while continued acceptance below it would keep downside pressure in focus.
Market Sentiment: Bearish
Key Resistance: 30,402
Major Supply: 30,600-30,715
