Nasdaq 100 Tests Key Support–Is a Rebound Finally Taking Shape?Market Structure
The short-term market structure remains bearish, with price trading below previous swing highs and failing to establish a sustained reversal.
Key Resistance
First Resistance: 28,450–28,600
This is the nearest supply zone where recent selling pressure accelerated.
Second Resistance: 29,000–29,200
A break above this area would invalidate the current bearish sequence and improve the medium-term outlook.
Key Support
First Support: 27,450–27,600
The recent swing low remains the first major support for buyers.
Second Support: 27,000–27,200
If selling resumes, this area could become the next downside target.
Market Sentiment
Market sentiment remains cautiously bearish.
Although buyers have stepped in after the recent selloff, the overall trend still favors sellers until higher highs begin to form. A confirmed recovery above resistance would improve confidence, while failure to sustain the rebound could trigger another wave of selling.
Please share your view below:
Will the Nasdaq 100 build a stronger recovery from its current support? Or will sellers regain control and extend the broader downtrend?
More market structure and key level updates will be shared regularly. S&P 500 Holds Firm – Can Bulls Break to New Highs?Market Structure
The overall structure remains bullish, with higher lows continuing to develop despite recent corrective moves.
Key Resistance
First Resistance: 7,500–7,550
The index is approaching this resistance zone, where selling pressure previously emerged.
Second Resistance: 7,600–7,650
A clean break above the current range could expose this next upside objective.
Key Support
First Support: 7,430–7,450
This recent breakout area is now the first support for buyers.
Second Support: 7,320–7,360
A deeper pullback could revisit this demand zone before buyers attempt another advance.
Market Sentiment
Market sentiment remains moderately bullish.
The broader trend continues to favor buyers, although price is approaching a key resistance zone where increased volatility and profit-taking may appear. A confirmed breakout would strengthen bullish confidence, while rejection could trigger short-term consolidation.
Please share your view below:
Will the S&P 500 break above resistance and continue setting new highs? Or will sellers defend this level and trigger another pullback?
More market structure and key level updates will be shared regularly. NDX Tests Key Support — Can Buyers Stop the Pullback?Market View
The Nasdaq 100 remains in a broader bullish trend on the 4H chart, but recent price action has shifted into a corrective phase after failing to hold near recent highs.
Following the strong rally from April through early June, the index has gradually formed lower highs, indicating that bullish momentum has weakened in the short term. Price is now approaching an important support area where buyers may attempt to stabilize the market.
As long as major support remains intact, the broader uptrend is still valid despite the ongoing correction.
Key Resistance
First resistance: 28,500–28,700
This is the nearest resistance zone where recent rebounds have repeatedly stalled.
Second resistance: 29,000–29,250
A breakout above this area would improve short-term momentum and reduce downside pressure.
Major resistance: 29,800–30,100
Reclaiming this zone would confirm that buyers have regained control of the broader trend.
Key Support
First support: 27,900–28,050
Price is currently trading around this support area. Holding above it could trigger a technical rebound.
Second support: 27,500–27,700
If sellers remain in control, this becomes the next downside objective.
Major support: 26,900–27,100
A break below this region would signal a deeper correction within the broader uptrend.
Market Sentiment
Market sentiment is cautiously bearish in the short term.
Although the broader trend remains positive, recent lower highs suggest buyers have become more defensive. Until resistance levels are reclaimed, rallies may continue to face selling pressure.
Please share your view below:
Will NDX defend support and resume its broader uptrend? Or will sellers extend the correction toward lower support levels?
More market structure and key level updates will be shared regularly. SPX Holds Above Support — Can Bulls Reclaim Momentum?Market View
SPX remains in a broader bullish structure on the 4H chart, although recent price action has shifted into a consolidation phase after reaching fresh highs.
Following the strong rally from April through June, upside momentum has slowed. Price is now trading near the lower boundary of the recent range, suggesting buyers are becoming more cautious while sellers attempt to gain short-term control.
As long as key support remains intact, the broader uptrend still favors buyers.
Key Resistance
First resistance: 7,480–7,520
This is the nearest resistance where recent rallies have repeatedly stalled.
Second resistance: 7,560–7,600
A breakout above this zone would strengthen bullish momentum.
Major resistance: 7,650–7,700
A sustained move above this area would confirm a continuation of the broader uptrend.
Key Support
First support: 7,380–7,410
Price is currently trading around this support zone. Holding above it could encourage renewed buying.
Second support: 7,280–7,320
If sellers gain control, this becomes the next downside objective.
Major support: 7,180–7,220
A break below this region would signal a deeper corrective phase.
Market Sentiment
Market sentiment remains cautiously bullish.
Although buying momentum has cooled after the recent rally, the broader trend continues to favor the upside. Unless key support breaks, pullbacks may still be viewed as corrective rather than trend-changing.
Please share your view below:
Will SPX defend support and resume its uptrend? Or will sellers trigger a deeper correction below the current range?
More market structure and key level updates will be shared on a regular basis. S&P 500 Holds Near Record Highs Market View
The S&P 500 remains in a broader bullish structure on the 4H chart, but price is currently consolidating near the upper end of the recent range.
After the strong recovery from the April low around 6,350, the index continued to form higher highs and higher lows before reaching the 7,600 area. Since then, momentum has slowed and price has moved sideways between support and resistance.
The latest recovery back toward 7,500 shows that buyers remain active, but repeated hesitation near the recent highs suggests that the market still needs a confirmed breakout before the next bullish leg can develop.
Key Resistance Zone
First resistance: 7,540–7,580
This is the nearest short-term resistance area and the upper boundary of the current consolidation.
A confirmed move above this zone would suggest that buyers are regaining momentum.
Major resistance: 7,600–7,650
This area includes the recent swing highs and remains the key breakout zone.
A sustained move above 7,650 would confirm a fresh higher high and strengthen the broader bullish continuation outlook.
Key Support Zone
First support: 7,440–7,480
This is the nearest short-term support area and the first zone buyers need to defend.
Holding above this region would keep the current consolidation structure intact.
Second support: 7,350–7,400
This area represents a more important structural support and the lower part of the recent trading range.
A break below it would weaken short-term bullish momentum.
Major support: 7,250–7,300
This is the deeper support zone formed during the previous correction.
If the price falls below this region, the broader bullish structure would come under greater pressure.
Market Sentiment
Market sentiment remains cautiously bullish.
The broader trend still favors buyers, but repeated hesitation near the highs shows that the market is waiting for stronger confirmation before extending the rally.
Above 7,580, bullish momentum may strengthen.
Below 7,440, corrective pressure may increase.
Please share your view below:
Will the S&P 500 break above 7,600 and continue toward new highs? Or will sellers defend resistance and push the index back toward 7,400?
More market structure and key level updates will be shared regularly. Nasdaq 100 Tests a Critical Support ZoneMarket Structure
The Nasdaq 100 remains in a broader bullish trend, but the short-term structure has shifted into consolidation with a cautious bearish bias.
The larger rally has not yet been fully invalidated, but buyers are losing momentum below the recent highs. Repeated failures to reclaim the upper part of the range suggest that sellers are becoming more active.
As long as the index holds above the major support structure, the broader bullish trend remains valid. A confirmed breakdown below support would weaken the recovery more significantly.
Key Resistance Zone
First resistance: 29,000–29,300
This is the nearest short-term resistance area, and the first level buyers need to reclaim.
A confirmed move above this zone would reduce immediate downside pressure and improve the chances of another recovery attempt.
Second resistance: 29,600–30,000
This area has produced several recent rejections and remains the main supply zone inside the current consolidation.
Price needs to break and hold above this region before bullish momentum can become more convincing.
Major resistance: 30,300–30,600
This is the recent swing-high area and the most important breakout zone on the current chart.
A sustained move above 30,600 would confirm a fresh higher high and restore the broader bullish continuation structure.
Key Support Zone
First support: 28,400–28,650
This is the nearest and most important short-term support zone.
Price is currently testing this area, and a strong reaction from buyers could keep the index inside the existing consolidation range.
Second support: 27,900–28,100
This area marks a deeper structural support and the lower boundary of the recent trading range.
A break below this zone would suggest that the correction is becoming more serious.
Major support: 27,300–27,600
This is the next major support area from the previous bullish leg.
If the price falls below this region, the broader recovery structure would begin to weaken more clearly.
Market Sentiment
Market sentiment is currently neutral to cautiously bearish.
The broader trend still reflects the strong recovery from the April low, but repeated failures near the highs and the latest decline show that buyers are no longer in full control.
Above 29,300, short-term recovery momentum may improve.
Below 28,400, bearish pressure may increase.
Please share your view below:
Will the Nasdaq 100 defend the 28,400–28,650 support zone and recover toward 30,000? Or will sellers break the current support and push the index toward 28,000 or lower?
More market structure and key level updates will be shared regularly. S&P 500 Consolidates Near the HighsMarket Structure
The S&P 500 is currently in a broader bullish trend with short-term consolidation near the highs.
The strong rally from the 6,350–6,450 region remains the dominant structure, while recent price action reflects a pause in momentum rather than a confirmed trend reversal.
As long as the index continues to hold above the latest higher-low region, buyers retain the technical advantage.
Key Resistance Zone
First resistance: 7,520–7,570
This is the nearest short-term resistance area and the upper boundary of the recent consolidation.
A confirmed breakout above this zone would suggest that buyers are regaining momentum.
Major resistance: 7,600–7,650
This area includes the recent swing highs and remains the main breakout zone.
A sustained move above 7,650 would confirm a fresh higher high and could reopen the broader bullish continuation.
Key Support Zone
First support: 7,400–7,450
This is the nearest short-term support area and the first zone buyers need to defend.
Holding above this region would keep the current consolidation structure intact.
Second support: 7,300–7,350
This area marks the recent higher-low region and represents a more important structural support.
A break below this zone would weaken the short-term bullish structure.
Major support: 7,200–7,250
This is the deeper support area formed during the previous correction.
If the price falls below this region, the broader recovery structure would begin to come under stronger pressure.
Market Sentiment
Market sentiment remains cautiously bullish.
The broader trend still favors buyers, but repeated hesitation near the highs shows that the market is becoming more selective and less aggressive.
Above 7,570, bullish momentum may strengthen again.
Below 7,400, corrective pressure may increase.
Please share your view below:
Will the S&P 500 defend the 7,400 support area and break above 7,600? Or will sellers force a deeper pullback toward 7,300?
More market structure and key level updates will be shared regularly.
S&P 500 4H — Bulls Retest the HighsS&P 500 4H — Bulls Retest the Highs, Can the Index Break Above 7,600?
Market View
The S&P 500 is currently trading around the 7,570 area on the 4H chart, showing a strong recovery after the previous pullback toward the 7,300–7,350 zone. Buyers stepped back in from that support area and pushed the index back toward the recent high near 7,600.
The overall structure remains constructive. The index has recovered strongly from the earlier correction and is now testing the upper side of the recent range again. However, price is approaching a key resistance area, so the next reaction will be important.
If buyers can break above 7,600 with confirmation, the bullish trend may continue. If the index fails again near this zone, a short-term pullback or consolidation may appear.
Key Areas
From a market structure perspective, the S&P 500 remains in a bullish structure on the 4H chart. The index has been forming higher highs and higher lows since the strong recovery from the lower area near 6,300–6,400.
The recent pullback did not break the broader bullish structure. Instead, price found support around 7,300–7,350 and recovered back toward resistance. This suggests that buyers are still active on dips.
The first key resistance zone is 7,580–7,620. This is the current upper range and the area buyers need to clear to confirm bullish continuation.
If price breaks above this zone, the next resistance area is around 7,700–7,800. A stronger upside extension could bring the index toward 7,900–8,000.
On the downside, the nearest key support zone is 7,450–7,400. Holding above this area would keep short-term bullish momentum intact.
Below that, 7,350–7,300 is the more important support zone. This is where buyers previously defended the market. If that zone breaks, the index may enter a deeper correction toward 7,200–7,150.
Forward Outlook
For the bullish scenario, the S&P 500 needs to hold above 7,450–7,400 and break above 7,580–7,620 with confirmation. If this happens, buyers may push the index toward 7,700–7,800.
If momentum remains strong above 7,800, the next upside target could be 7,900–8,000. A sustained move above 8,000 would confirm a stronger bullish continuation structure.
For the bearish scenario, if the index rejects from 7,580–7,620 and falls below 7,400, short-term momentum may weaken. In that case, price could move back toward 7,350–7,300.
A clean break below 7,300 would suggest that the current breakout attempt has failed, and the index may move lower toward 7,200–7,150.
Market Sentiment
Market sentiment is currently bullish, but slightly cautious near resistance.
Buyers remain in control overall, and the recovery from the recent pullback shows that demand is still strong. However, the index is now retesting the previous high area, so confirmation above 7,600 is needed before the next bullish leg becomes more convincing.
Above 7,620, bullish momentum may strengthen.
Below 7,400, short-term pullback risk may increase.
Please share your view below:
Will the S&P 500 break above 7,600 and continue toward 7,800–8,000? Or will sellers defend the resistance zone and push the index back toward 7,300? GOLD’s Fundamental Outlook FridayVANTAGE:NAS100 Gold is trading in one of those markets where the next headline can change everything.
Earlier this month, a weak NFP report had traders thinking the Fed might finally ease up. Payrolls missed expectations, previous numbers were revised lower, and fewer people were participating in the workforce. The market quickly backed away from expecting another rate hike.
But that story didn’t last.
Fresh tensions around Iran and the Strait of Hormuz pushed oil prices back up, putting inflation right back in the spotlight. Then the latest FOMC Minutes reminded everyone that another Fed hike before the end of 2026 is still a real possibility.
And that’s what matters most right now.
As long as the CAPITALCOM:DXY Dollar stays strong, Gold is going to have a tough time putting together a lasting rally. The geopolitical news is keeping buyers interested, but unless things get a lot worse, I don’t think it’s enough to beat the Dollar.
One thing that really stands out to me is how the Fed is changing the way it communicates. Under Kevin Warsh, there’s less guidance, fewer hints, and a lot more uncertainty.
To me, that’s the market telling us one thing:
Stop trying to guess the Fed. Start paying attention to the data.
That’s why these dates matter:
• July 14: CPI
• July 15: PPI
• July 16: Retail Sales
• July 28-29: FOMC Meeting
Right now, I’m not married to either side.
A softer inflation report could knock the Dollar lower and give OANDA:XAUUSD Gold some breathing room. A hotter inflation print or another geopolitical headline could send things the other way just as fast.
For now, I’d rather react than predict. That’s usually the better trade. 
Long
GOLD’s Fundamental UpdateVANTAGE:XAUUSD Gold couldn’t hold above $4,200, and I think that’s the first warning sign for buyers. We’re seeing a second day of selling pressure, and unless something changes, the $4,100 area is becoming a realistic magnet.
The biggest driver right now is the stronger CAPITALCOM:DXY U.S. Dollar. Geopolitical tensions heated up again after reports of missile attacks near the Strait of Hormuz, and whenever uncertainty returns, money naturally flows back into the Dollar.
On top of that, sentiment isn’t helping OANDA:XAUUSD Gold either. Asian equities started the session weak, tech stocks were hit after Samsung’s earnings disappointed, and Nasdaq futures are pointing lower. To me, yesterday’s bounce still looks more like a relief move than the start of a real recovery.
The next big event is Wednesday’s FOMC Minutes. After weaker ISM Services PMI and NFP data, markets have become more confident that the Fed may eventually lean more dovish. Whether that expectation is justified or not will become much clearer once we hear what policymakers were actually discussing. OG Meets TrendVANTAGE:XAUUSD XAU/USD remains under bearish pressure on the daily timeframe as price continues trading below all major Simple Moving Averages, confirming that sellers still control the broader trend. The 50 SMA around 4,392, the 200 SMA near 4,488, and the 100 SMA at approximately 4,628 now form a strong dynamic resistance cluster, making any upside recovery challenging unless these levels are reclaimed.
The recent bounce developed directly from a Discount PD Array and a nearby OG (Ordinary Gap), showing that buyers are reacting from a high-value area rather than chasing price higher. However, this rebound remains corrective for now, as market structure has yet to produce a confirmed bullish shift.
The 21 SMA around 4,157 is acting as immediate dynamic support. Holding above it keeps the current recovery attempt alive, while a daily close below would increase the probability of another impulsive leg lower toward the next Discount liquidity zones.
OANDA:XAUUSD Momentum also supports a cautious view. The RSI (14) remains around the mid-40s, reflecting weak momentum rather than an oversold market. In addition, the Death Cross between the 50 and 200 SMA remains active, reinforcing the longer-term bearish outlook.
From an OG perspective, I will be watching whether price can reclaim the nearest overhead OG resistance. Without acceptance above that zone and the major SMA cluster, I continue to view rallies as potential selling opportunities rather than a confirmed trend reversal. GOLD’s Fundamental OutlookVANTAGE:XAUUSD Gold starts the week under pressure as renewed demand for the US Dollar continues to cap upside momentum. Rising geopolitical tensions between the United States and Iran have pushed investors back into the Greenback CAPITALCOM:DXY , keeping Gold on the defensive.
At the same time, last week’s weaker than expected US Nonfarm Payrolls report strengthened expectations for future Fed rate cuts. If upcoming US data continues to soften, the US Dollar could lose momentum, creating a more supportive environment for Gold OANDA:XAUUSD .
For now, the market’s focus shifts to fresh headlines from the Middle East, upcoming US economic data, and the FOMC Minutes. As long as the US Dollar remains firm, Gold may struggle to extend its recovery. Any renewed Dollar weakness, however, could quickly shift momentum back in favor of Gold. Nasdaq 100 Pulls Back From the Upper RangeNasdaq 100 Pulls Back From the Upper Range — Healthy Correction or Momentum Shift?
Nasdaq 100 remains in a broader bullish structure on the 4H chart, but the latest price action shows clear hesitation near the upper range. After a strong recovery from the 23,000 area, the index climbed steadily and reached the 30,500–30,800 zone. Since then, price has struggled to extend higher and is now trading back near 29,300, suggesting that short-term profit-taking is entering the market.
From a market structure perspective, the Nasdaq 100 is still bullish overall, but short-term momentum has weakened. The broader recovery created higher highs and higher lows, showing that buyers were in control. However, the recent rejection from the 30,000–30,800 area and the pullback toward 29,000 indicate that the market is now in a short-term decision zone.
The first key resistance zone to watch is around 29,800–30,200. This is the nearest reaction area where sellers may try to defend the rebound. If buyers can break and hold above this zone, the Nasdaq 100 may retest the 30,500–30,800 area. A stronger breakout above 30,800 would confirm bullish continuation and could open the door toward 31,500–32,000.
On the downside, the first key support zone is around 29,000–28,600. This is the current short-term demand area and the zone buyers need to defend to keep the recovery structure intact. If price breaks below 28,600, correction pressure may increase, and the next support zone to watch is around 28,000–27,500.
For the bullish scenario, the Nasdaq 100 needs to hold above 29,000–28,600 and break above 29,800–30,200 with confirmation. If this happens, buyers may push the index back toward 30,500–30,800. A sustained move above 30,800 would strengthen the bullish outlook and confirm that upside momentum is returning.
For the bearish scenario, rejection from 29,800–30,200 would suggest that sellers are still defending the upper range. If the price then breaks below 28,600, the Nasdaq 100 may move lower toward 28,000–27,500. A deeper break below 27,500 would weaken the current bullish structure and suggest a broader correction phase.
Market sentiment remains cautiously bullish. The broader trend still favors buyers, but the recent pullback shows that momentum is no longer one-sided. Right now, confirmation matters more than prediction: above 30,200, recovery momentum may improve; below 28,600, correction pressure may increase.
What do you think?
Will Nasdaq 100 defend the 29,000–28,600 support zone and retest 30,500–30,800? Or will sellers push the index below 28,600 and open the way toward 28,000?
Please share your view below. S&P 500 Holds Near ResistanceS&P 500 Holds Near Resistance — Breakout Continuation or Another Pullback?
The S&P 500 remains in a broadly bullish structure on the 4H chart, but the recent price action is showing some hesitation near the upper range. After a strong recovery from the 6,300 area, the price climbed steadily and reached the 7,550–7,600 zone. Since then, the index has moved into a consolidation phase, with buyers still defending higher levels but struggling to create a clean breakout.
From a market structure perspective, the S&P 500 is still bullish overall. Price has formed higher highs and higher lows during the recovery phase, and the broader trend remains constructive. However, the latest movement around 7,450–7,500 suggests that the market is now in a short-term decision zone. Buyers need to reclaim the recent highs to confirm continuation, while sellers need a break below support to shift momentum.
The first key resistance zone to watch is around 7,500–7,550. This is the immediate reaction area where price has recently slowed. If buyers can break and hold above this zone, the index may retest 7,600. A stronger breakout above 7,600 could open the door toward 7,700–7,800.
On the downside, the first key support zone is around 7,400–7,350. This area has recently acted as a short-term demand zone and is important for keeping the current bullish structure intact. If price breaks below 7,350, the next support area to watch is around 7,300–7,250. A deeper break below 7,250 would weaken the current recovery structure.
For the bullish scenario, the S&P 500 needs to hold above 7,400–7,350 and break above 7,500–7,550 with confirmation. If this happens, buyers may push the index back toward 7,600, and a sustained move above 7,600 could extend the rally toward 7,700–7,800.
For the bearish scenario, rejection from 7,500–7,550 would show that sellers are still defending the upper range. If the price then breaks below 7,350, short-term correction pressure may increase, opening the way toward 7,300–7,250. A clean break below 7,250 would suggest that the index may enter a broader pullback phase.
Market sentiment remains cautiously bullish. The broader trend still favors buyers, but the index is now trading near a key resistance zone where profit-taking may appear. Right now, confirmation is more important than prediction: above 7,550, bullish continuation may strengthen; below 7,350, pullback risk may increase.
What do you think?
Will the S&P 500 break above 7,550 and continue toward 7,600–7,800? Or will sellers defend resistance and push the index back toward 7,350?
Please share your view below. 
Short
Short
Long
S&P 500: Technical Breakdown Signals Further Downside RiskThe S&P 500 has dropped to a 6-month low, falling 1.5% in the last session to close at 6,506.
◉ Technical Structure Turns Bearish
From a technical standpoint, the index has formed a rounding top pattern and decisively broken below its neckline. This breakdown indicates a shift in trend, increasing the probability of further downside in the near to medium term.
◉ Key Drivers of the Decline
● Geopolitical tensions: Escalation in the US–Israel–Iran conflict triggered a risk-off sentiment, with concerns over disruption in the Strait of Hormuz.
● Oil price surge: Sharp rise in Crude oil prices has increased inflation fears and reduced expectations of near-term rate cuts.
● Rising bond yields: The US 10-year yield jumped to 4.39%, its highest since July — tightening financial conditions across the board.
● Weak labor data: Signs of softness in the US job market have raised concerns about slowing economic growth.
● Broad-based selling: Most sectors declined, with only energy stocks outperforming due to higher oil prices.
◉ Key Levels to Watch
● 6,550 - 6,600: Now acting as a crucial resistance zone; any pullback below this level is likely to face strong selling pressure.
● 6,350 - 6,300: Immediate downside target and key support for the current corrective phase.
● 6150 - 6,100: Secondary support; a breakdown below this level could accelerate the bearish trend further.
◉ Outlook
The markets has entered into bearish territory — and the technicals and fundamentals are now singing the same tune.
Every bounce below 6,600 is likely a selling opportunity, not a buying one. Until the geopolitical dust settles, oil cools down, and yields pull back, the market trend remains downward. 
Short
The Dow Jones is correcting its entire upward trend since 1896With its high on February 11, the Dow Jones reached almost exactly the 1.00 extension of the W circled in blue, thereby achieving its target for the entire upward impulse since the DJI’s inception in 1896. The purple ABC (I have omitted the extension for clarity) also hit the ideal target, the 1.00 extension, quite perfectly, meaning that two waves of different orders have reached their ideal targets. The orange Fibonacci retracement now represents the possible correction levels. The minimum target that must be reached is the 23.6% retracement, which is at 38,753. However, such a correction could also go significantly lower. And the targets on the upside were already set before the “oil price shock” and the Iran war. The current situation may simply have provided the impetus for what was already the most likely development. Looking at the corrections during the COVID-19 crisis and the 2007–2008 financial crisis, a realistic target is either the 38.2% retracement at 31,353 or the 50% retracement at 25,372. Only after that can rising prices be expected again. 
Short
