US Nas 100
Long

USNAS100 | AI Momentum Keeps Bulls in Control Despite...

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USNAS100 | AI Momentum Keeps Bulls in Control Despite Geopolitical Risks

The Nasdaq remains highly volatile as investors balance two major drivers: the ongoing AI-led rally and uncertainty surrounding geopolitical developments.

Strong demand for AI-related stocks continues to support the broader technology sector, while geopolitical headlines remain capable of triggering sudden corrections.

Technically:

• The market maintains a bullish structure and may first perform a correction toward the pivot zone at 30540.

• As long as the price remains above 30540, the bullish trend is expected to continue toward 30880.

• A breakout above 30880 would expose the next major upside target at 31200.

• However, a break below 30540 would signal a deeper correction toward 30290.

Pivot: 30540
Support: 30290 – 30190 – 29700
Resistance: 30880 – 31200

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