The Nasdaq is trading at all-time highs, which means there are no established sell zones above. In this environment, price is in full discovery mode. Every new tick higher sets fresh records, and volatility often picks up as traders probe for tops. That makes it difficult to fade strength, shifting the focus toward demand zones below as key areas for potential pullbacks.
🔹 Zone 1 – Today’s Asia Low (24,278–24,289)
This zone marks the intraday low from the Asian session and serves as the nearest short-term demand. A revisit here could attract buyers for a bounce, while a decisive break lower would signal loss of momentum and invite deeper retracement.
🔹 Zone 2 – Yesterday’s All-Time High, Now Demand (24,133–24,141)
Yesterday’s record high has flipped into a demand zone. As long as price holds above this level, the bullish structure stays intact. A strong rejection here favors continuation higher, but failure to hold could open the door to sharper downside.
Sentiment in the US100 remains cautiously optimistic. Softer labor data and easing producer prices have strengthened expectations of Fed rate cuts, while strong momentum in select tech names, including Oracle’s upbeat cloud outlook, continues to drive the index higher. Still, with price trading near all-time highs, volatility is elevated and the backdrop fragile, leaving traders mindful that optimism rests heavily on the Fed delivering on dovish expectations.
🔹 Zone 1 – Today’s Asia Low (24,278–24,289)
This zone marks the intraday low from the Asian session and serves as the nearest short-term demand. A revisit here could attract buyers for a bounce, while a decisive break lower would signal loss of momentum and invite deeper retracement.
🔹 Zone 2 – Yesterday’s All-Time High, Now Demand (24,133–24,141)
Yesterday’s record high has flipped into a demand zone. As long as price holds above this level, the bullish structure stays intact. A strong rejection here favors continuation higher, but failure to hold could open the door to sharper downside.
Sentiment in the US100 remains cautiously optimistic. Softer labor data and easing producer prices have strengthened expectations of Fed rate cuts, while strong momentum in select tech names, including Oracle’s upbeat cloud outlook, continues to drive the index higher. Still, with price trading near all-time highs, volatility is elevated and the backdrop fragile, leaving traders mindful that optimism rests heavily on the Fed delivering on dovish expectations.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.